Truist Financial Corp Has $2.31 Million Stake in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Truist Financial Corp grew its position in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 1.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,351 shares of the company’s stock after buying an additional 335 shares during the quarter. Truist Financial Corp owned 0.06% of First Trust Cloud Computing ETF worth $2,305,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. Hemington Wealth Management raised its holdings in First Trust Cloud Computing ETF by 29.6% during the 4th quarter. Hemington Wealth Management now owns 469 shares of the company’s stock valued at $55,000 after acquiring an additional 107 shares during the period. Captrust Financial Advisors raised its holdings in First Trust Cloud Computing ETF by 3.1% during the 3rd quarter. Captrust Financial Advisors now owns 3,869 shares of the company’s stock valued at $396,000 after acquiring an additional 116 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in First Trust Cloud Computing ETF by 77.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 284 shares of the company’s stock valued at $34,000 after acquiring an additional 124 shares during the period. Kingsview Wealth Management LLC raised its holdings 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 valued at $2,229,000 after acquiring an additional 152 shares during the period. Finally, Kestra Private Wealth Services LLC raised its holdings in First Trust Cloud Computing ETF by 2.1% during the 4th quarter. Kestra Private Wealth Services LLC now owns 8,913 shares of the company’s stock valued at $1,062,000 after acquiring an additional 183 shares during the period.

First Trust Cloud Computing ETF Price Performance

SKYY opened at $119.68 on Thursday. The company has a fifty day moving average price of $124.36 and a 200-day moving average price of $113.64. The firm has a market capitalization of $3.68 billion, a P/E ratio of 33.21 and a beta of 1.06. First Trust Cloud Computing ETF has a one year low of $83.45 and a one year high of $131.54.

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.