Forty three Eighteen Advisors LLC acquired a new position in First Trust Cloud Computing ETF (NASDAQ:SKYY – Free Report) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 12,439 shares of the company’s stock, valued at approximately $1,618,000. First Trust Cloud Computing ETF comprises 1.3% of Forty three Eighteen Advisors LLC’s holdings, making the stock its 25th largest holding.
Other institutional investors also recently modified their holdings of the company. Parallel Advisors LLC increased its position in shares of First Trust Cloud Computing ETF by 97.0% during the third quarter. Parallel Advisors LLC now owns 197 shares of the company’s stock valued at $26,000 after purchasing an additional 97 shares during the period. N.E.W. Advisory Services LLC bought a new position in First Trust Cloud Computing ETF in the fourth quarter worth $30,000. Franklin Resources Inc. bought a new position in First Trust Cloud Computing ETF in the fourth quarter worth $33,000. Russell Investments Group Ltd. boosted its stake in First Trust Cloud Computing ETF by 177.9% during the fourth quarter. Russell Investments Group Ltd. now owns 289 shares of the company’s stock worth $38,000 after buying an additional 185 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in First Trust Cloud Computing ETF during the fourth quarter worth $47,000.
First Trust Cloud Computing ETF Price Performance
Shares of First Trust Cloud Computing ETF stock opened at $131.88 on Friday. The firm has a market capitalization of $2.72 billion, a PE ratio of 33.85 and a beta of 1.24. The company’s fifty day moving average price is $128.51 and its two-hundred day moving average price is $123.03. First Trust Cloud Computing ETF has a 52-week low of $103.76 and a 52-week high of $155.76.
About First Trust Cloud Computing ETF
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.
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