Park Avenue Securities LLC Purchases New Position in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Park Avenue Securities LLC acquired a new position in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,852 shares of the company’s stock, valued at approximately $697,000.

A number of other institutional investors also recently made changes to their positions in SKYY. Captrust Financial Advisors increased its stake in shares of First Trust Cloud Computing ETF by 3.1% during the third quarter. Captrust Financial Advisors now owns 3,869 shares of the company’s stock worth $396,000 after purchasing an additional 116 shares during the period. CWM LLC grew its holdings in First Trust Cloud Computing ETF by 1.1% in the 3rd quarter. CWM LLC now owns 13,422 shares of the company’s stock valued at $1,373,000 after buying an additional 145 shares in the last quarter. Kingsview Wealth Management LLC increased its position in First Trust Cloud Computing ETF by 0.7% during the 3rd quarter. Kingsview Wealth Management LLC now owns 21,799 shares of the company’s stock worth $2,229,000 after buying an additional 152 shares during the period. 1832 Asset Management L.P. lifted its holdings in shares of First Trust Cloud Computing ETF by 20.1% during the second quarter. 1832 Asset Management L.P. now owns 1,122 shares of the company’s stock worth $107,000 after buying an additional 188 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of First Trust Cloud Computing ETF by 37.2% in the third quarter. GAMMA Investing LLC now owns 738 shares of the company’s stock valued at $75,000 after acquiring an additional 200 shares during the period.

First Trust Cloud Computing ETF Stock Performance

SKYY stock opened at $126.41 on Thursday. First Trust Cloud Computing ETF has a 52 week low of $83.45 and a 52 week high of $131.13. The company has a market capitalization of $3.80 billion, a PE ratio of 33.21 and a beta of 1.06. The company’s 50-day simple moving average is $122.17 and its 200 day simple moving average is $107.61.

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.