PFG Investments LLC Grows Stock Position in First Trust Cloud Computing ETF (NASDAQ:SKYY)

PFG Investments LLC lifted its stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 23.6% in the first quarter, HoldingsChannel reports. The firm owned 6,964 shares of the company’s stock after acquiring an additional 1,329 shares during the quarter. PFG Investments LLC’s holdings in First Trust Cloud Computing ETF were worth $666,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SKYY. Dakota Wealth Management acquired a new position in shares of First Trust Cloud Computing ETF during the 3rd quarter worth about $1,865,000. Raymond James & Associates boosted its position in shares of First Trust Cloud Computing ETF by 14.2% during the 3rd quarter. Raymond James & Associates now owns 139,758 shares of the company’s stock worth $10,609,000 after acquiring an additional 17,391 shares in the last quarter. Eudaimonia Advisors LLC acquired a new position in shares of First Trust Cloud Computing ETF during the 3rd quarter worth about $562,000. Eudaimonia Partners LLC acquired a new position in shares of First Trust Cloud Computing ETF during the 3rd quarter worth about $495,000. Finally, Fortune Financial Advisors LLC boosted its position in shares of First Trust Cloud Computing ETF by 4.8% during the 3rd quarter. Fortune Financial Advisors LLC now owns 10,514 shares of the company’s stock worth $798,000 after acquiring an additional 482 shares in the last quarter.

First Trust Cloud Computing ETF Stock Performance

Shares of NASDAQ:SKYY traded down $0.11 on Monday, hitting $92.88. 67,022 shares of the company’s stock were exchanged, compared to its average volume of 187,560. The firm’s 50-day moving average is $94.02 and its 200 day moving average is $87.58. The company has a market capitalization of $3.01 billion, a PE ratio of 35.15 and a beta of 1.06. First Trust Cloud Computing ETF has a 1-year low of $60.65 and a 1-year high of $97.78.

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.