Cubist Systematic Strategies LLC Purchases New Position in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Cubist Systematic Strategies LLC purchased a new stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,780 shares of the company’s stock, valued at approximately $450,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. LPL Financial LLC increased its stake in shares of First Trust Cloud Computing ETF by 1.5% in the 4th quarter. LPL Financial LLC now owns 832,024 shares of the company’s stock valued at $99,111,000 after purchasing an additional 12,281 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of First Trust Cloud Computing ETF by 26.5% in the 4th quarter. Wells Fargo & Company MN now owns 378,613 shares of the company’s stock valued at $45,100,000 after purchasing an additional 79,365 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in First Trust Cloud Computing ETF in the 4th quarter worth about $32,119,000. Envestnet Asset Management Inc. boosted its holdings in First Trust Cloud Computing ETF by 157.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 232,972 shares of the company’s stock worth $27,752,000 after buying an additional 142,620 shares during the last quarter. Finally, Prudential PLC acquired a new stake in First Trust Cloud Computing ETF in the 4th quarter worth about $27,124,000.

First Trust Cloud Computing ETF Trading Up 0.7%

SKYY stock opened at $116.89 on Friday. First Trust Cloud Computing ETF has a 12-month low of $83.45 and a 12-month high of $131.54. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of 27.61 and a beta of 1.06. The business’s 50-day moving average is $103.51 and its 200 day moving average is $115.34.

First Trust Cloud Computing ETF Profile

The First Trust Cloud Computing ETF (SKYY) is an exchange-traded fund that is based on the ISE Cloud Computing index. The fund tracks an index of companies involved in the cloud computing industry. Stocks are modified-equally-weighted capped at 4.5%. SKYY was launched on Jul 5, 2011 and is managed by First Trust.