First Trust Cloud Computing ETF (NASDAQ:SKYY) Sets New 1-Year High at $101.00

First Trust Cloud Computing ETF (NASDAQ:SKYY)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $101.00 and last traded at $101.00, with a volume of 290 shares. The stock had previously closed at $99.09.

First Trust Cloud Computing ETF Trading Up 0.4 %

The company has a 50 day moving average of $95.18 and a 200-day moving average of $94.35. The firm has a market capitalization of $3.13 billion, a P/E ratio of 33.21 and a beta of 1.06.

Hedge Funds Weigh In On First Trust Cloud Computing ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN boosted its holdings in First Trust Cloud Computing ETF by 1.6% in the 4th quarter. Wells Fargo & Company MN now owns 297,788 shares of the company’s stock valued at $26,107,000 after purchasing an additional 4,739 shares during the period. Main Management ETF Advisors LLC boosted its stake in shares of First Trust Cloud Computing ETF by 0.8% in the second quarter. Main Management ETF Advisors LLC now owns 155,600 shares of the company’s stock valued at $14,864,000 after buying an additional 1,200 shares during the period. Raymond James & Associates grew its position in First Trust Cloud Computing ETF by 0.4% during the second quarter. Raymond James & Associates now owns 148,379 shares of the company’s stock worth $14,175,000 after buying an additional 581 shares in the last quarter. PNC Financial Services Group Inc. grew its position in First Trust Cloud Computing ETF by 2.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 132,969 shares of the company’s stock worth $11,657,000 after buying an additional 2,566 shares in the last quarter. Finally, Private Advisor Group LLC increased its stake in First Trust Cloud Computing ETF by 18.1% during the 1st quarter. Private Advisor Group LLC now owns 130,739 shares of the company’s stock worth $12,499,000 after acquiring an additional 20,028 shares during the period.

First Trust Cloud Computing ETF Company 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.