EdgeRock Capital LLC Buys New Holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY)

EdgeRock Capital LLC bought a new stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 360 shares of the company’s stock, valued at approximately $33,000.

Other hedge funds have also recently added to or reduced their stakes in the company. VitalStone Financial LLC raised its holdings in First Trust Cloud Computing ETF by 144.8% in the third quarter. VitalStone Financial LLC now owns 350 shares of the company’s stock valued at $27,000 after acquiring an additional 207 shares in the last quarter. Whittier Trust Co. acquired a new stake in First Trust Cloud Computing ETF during the third quarter worth approximately $28,000. Anchor Investment Management LLC acquired a new stake in First Trust Cloud Computing ETF during the fourth quarter worth approximately $40,000. GAMMA Investing LLC acquired a new stake in First Trust Cloud Computing ETF during the fourth quarter worth approximately $45,000. Finally, Blue Bell Private Wealth Management LLC raised its holdings in First Trust Cloud Computing ETF by 37.7% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 720 shares of the company’s stock worth $63,000 after purchasing an additional 197 shares in the last quarter.

First Trust Cloud Computing ETF Stock Performance

SKYY stock traded down $0.29 during midday trading on Wednesday, reaching $92.49. 84,786 shares of the company were exchanged, compared to its average volume of 182,173. First Trust Cloud Computing ETF has a 1-year low of $62.59 and a 1-year high of $97.78. The stock’s 50-day simple moving average is $94.02 and its 200 day simple moving average is $88.28. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 33.21 and a beta of 1.58.

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.