Royal Bank of Canada Increases Stock Position in First Trust Cloud Computing ETF $SKYY

Royal Bank of Canada grew its position in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 12.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 212,254 shares of the company’s stock after acquiring an additional 23,847 shares during the quarter. Royal Bank of Canada owned about 1.03% of First Trust Cloud Computing ETF worth $23,212,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in SKYY. Parallel Advisors LLC lifted its stake 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 worth $26,000 after purchasing an additional 97 shares in the last quarter. N.E.W. Advisory Services LLC bought a new stake in shares of First Trust Cloud Computing ETF in the fourth quarter worth $30,000. Franklin Resources Inc. bought a new stake in First Trust Cloud Computing ETF in the fourth quarter valued at about $33,000. Capital Advisors Ltd. LLC acquired a new stake in shares of First Trust Cloud Computing ETF during the first quarter worth $35,000. Finally, Russell Investments Group Ltd. lifted its holdings in shares of First Trust Cloud Computing ETF by 177.9% in the 4th quarter. Russell Investments Group Ltd. now owns 289 shares of the company’s stock worth $38,000 after purchasing an additional 185 shares during the last quarter.

First Trust Cloud Computing ETF Stock Up 0.0%

First Trust Cloud Computing ETF stock opened at $153.48 on Thursday. First Trust Cloud Computing ETF has a 52-week low of $103.76 and a 52-week high of $156.32. The firm has a 50-day moving average price of $137.86 and a two-hundred day moving average price of $124.42. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of 33.85 and a beta of 1.24.

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.