Renaissance Technologies LLC acquired a new position in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY – Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 3,400 shares of the company’s stock, valued at approximately $325,000.
A number of other hedge funds have also modified their holdings of the company. Napa Wealth Management bought a new position in First Trust Cloud Computing ETF in the fourth quarter valued at approximately $446,000. Peterson Wealth Management increased its holdings in shares of First Trust Cloud Computing ETF by 1.0% during the 4th quarter. Peterson Wealth Management now owns 24,204 shares of the company’s stock worth $2,122,000 after acquiring an additional 250 shares during the last quarter. EP Wealth Advisors LLC acquired a new position in shares of First Trust Cloud Computing ETF during the 4th quarter worth approximately $205,000. Creekmur Asset Management LLC acquired a new position in shares of First Trust Cloud Computing ETF during the 4th quarter worth approximately $954,000. Finally, B. Riley Wealth Advisors Inc. increased its holdings in shares of First Trust Cloud Computing ETF by 33.2% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 43,840 shares of the company’s stock worth $3,843,000 after acquiring an additional 10,934 shares during the last quarter.
First Trust Cloud Computing ETF Trading Up 0.6 %
SKYY stock opened at $106.35 on Friday. The firm has a market capitalization of $3.08 billion, a PE ratio of 33.21 and a beta of 1.06. First Trust Cloud Computing ETF has a 1-year low of $70.42 and a 1-year high of $106.75. The business’s 50 day simple moving average is $97.45 and its 200 day simple moving average is $95.03.
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.
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