Shares of First Trust Cloud Computing ETF (NASDAQ:SKYY – Get Free Report) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $97.77 and last traded at $97.59, with a volume of 27857 shares trading hands. The stock had previously closed at $96.40.
First Trust Cloud Computing ETF Stock Down 0.8 %
The firm has a market cap of $3.19 billion, a P/E ratio of 20.90 and a beta of 1.06. The firm has a fifty day moving average of $91.14 and a 200-day moving average of $83.39.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of SKYY. Creekmur Asset Management LLC bought a new stake in shares of First Trust Cloud Computing ETF in the fourth quarter valued at approximately $954,000. EP Wealth Advisors LLC bought a new stake in shares of First Trust Cloud Computing ETF during the 4th quarter valued at $205,000. Peterson Wealth Management grew 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 purchasing an additional 250 shares in the last quarter. Napa Wealth Management bought a new stake in First Trust Cloud Computing ETF during the fourth quarter worth about $446,000. Finally, Comerica Bank increased its holdings in First Trust Cloud Computing ETF by 2.6% in the 4th quarter. Comerica Bank now owns 5,505 shares of the company’s stock valued at $483,000 after buying an additional 141 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.
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Wanda Parisien is a computing expert who navigates the vast landscape of hardware and software. With a focus on computer technology, software development, and industry trends, Wanda delivers informative content, tutorials, and analyses to keep readers updated on the latest in the world of computing.
