Mirae Asset Global Investments Co. Ltd. bought a new stake in First Trust Cloud Computing ETF (NASDAQ:SKYY – Free Report) during the fourth quarter, HoldingsChannel reports. The firm bought 62,369 shares of the company’s stock, valued at approximately $5,468,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Morgan Stanley increased its position in shares of First Trust Cloud Computing ETF by 1.6% in the third quarter. Morgan Stanley now owns 909,583 shares of the company’s stock valued at $69,047,000 after acquiring an additional 14,175 shares during the last quarter. LPL Financial LLC increased its position in shares of First Trust Cloud Computing ETF by 1.9% in the third quarter. LPL Financial LLC now owns 868,932 shares of the company’s stock valued at $65,961,000 after acquiring an additional 16,393 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of First Trust Cloud Computing ETF by 8,785.2% in the fourth quarter. International Assets Investment Management LLC now owns 311,870 shares of the company’s stock valued at $27,342,000 after acquiring an additional 308,360 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of First Trust Cloud Computing ETF by 6.8% in the first quarter. JPMorgan Chase & Co. now owns 154,711 shares of the company’s stock valued at $14,004,000 after acquiring an additional 9,810 shares during the last quarter. Finally, Raymond James & Associates increased its position in shares of First Trust Cloud Computing ETF by 5.7% in the fourth quarter. Raymond James & Associates now owns 147,672 shares of the company’s stock valued at $12,946,000 after acquiring an additional 7,914 shares during the last quarter.
First Trust Cloud Computing ETF Stock Performance
NASDAQ:SKYY opened at $93.68 on Monday. The stock’s 50-day simple moving average is $94.59 and its 200 day simple moving average is $86.40. The company has a market cap of $3.05 billion, a P/E ratio of 20.90 and a beta of 1.06. First Trust Cloud Computing ETF has a 52-week low of $60.65 and a 52-week high of $97.78.
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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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.
