Choreo LLC Makes New Investment in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Choreo LLC bought a new position in First Trust Cloud Computing ETF (NASDAQ:SKYY) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,797 shares of the company’s stock, valued at approximately $270,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. MJP Associates Inc. ADV lifted its position in First Trust Cloud Computing ETF by 4.0% in the first quarter. MJP Associates Inc. ADV now owns 2,703 shares of the company’s stock worth $258,000 after purchasing an additional 105 shares during the period. Summit Financial LLC lifted its position in shares of First Trust Cloud Computing ETF by 2.1% during the 1st quarter. Summit Financial LLC now owns 5,580 shares of the company’s stock valued at $533,000 after acquiring an additional 114 shares during the last quarter. EP Wealth Advisors LLC lifted its position in shares of First Trust Cloud Computing ETF by 5.1% during the 1st quarter. EP Wealth Advisors LLC now owns 2,452 shares of the company’s stock valued at $234,000 after acquiring an additional 118 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of First Trust Cloud Computing ETF by 3.4% during the 1st quarter. International Assets Investment Management LLC now owns 3,677 shares of the company’s stock valued at $351,000 after acquiring an additional 120 shares during the last quarter. Finally, Emerald Advisors LLC lifted its position in shares of First Trust Cloud Computing ETF by 1.6% during the 2nd quarter. Emerald Advisors LLC now owns 7,986 shares of the company’s stock valued at $763,000 after acquiring an additional 122 shares during the last quarter.

First Trust Cloud Computing ETF Stock Performance

Shares of NASDAQ:SKYY opened at $99.09 on Thursday. First Trust Cloud Computing ETF has a one year low of $70.42 and a one year high of $100.47. The stock has a fifty day moving average of $94.95 and a 200-day moving average of $94.27. The company has a market capitalization of $3.04 billion, a PE ratio of 33.21 and a beta of 1.06.

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.