According to Cambridge Investment Research Advisors’ most recent Form 13F filing with the Securities and Exchange Commission, Cambridge Investment Research Advisors plans to sell First Trust Cloud Computing ETF (NASDAQ) in the fourth quarter. : SKYY – Acquisition of valuation) has lowered its stock position by 26.0%. . The fund held 144,712 shares in the company after selling 50,912 shares during the same period. Cambridge Investment Research Advisors Inc. owned approximately 0.34% of the First Trust Cloud Computing ETF worth $8,337,000 at the end of the most recent reporting period.
Several other hedge funds have also increased or decreased their stakes in the company recently. Ignite Planners LLC increased his stake in First Trust Cloud Computing ETF by 2,111.8% in the fourth quarter. Ignite Planners LLC said he purchased an additional 81,134 shares during the period and now owns 84,976 shares worth $5,458,000. The National Bank of Canada FI increased its stake in the First Trust Cloud Computing ETF by 1,946.6% in the fourth quarter. The National Bank of Canada FI purchased an additional 62,952 shares during the period and now owns 66,186 shares in the company, valued at $3,794,000. Jane Street Group LLC increased its stake in First Trust Cloud Computing ETF by 183.1% in the second quarter. Jane Street Group LLC purchased an additional 50,283 shares during the period and now owns 77,748 shares of the company, valued at $5,123,000. Atria Wealth Solutions Inc. purchased a new position in the First Trust Cloud Computing ETF for approximately $4,301,000 in the first quarter. Finally, First Republic Investment Management Inc. increased its First Trust Cloud Computing ETF holdings by 71.8% during the first quarter. First Republic Investment Management Inc. purchased an additional 34,350 shares during the period and now owns 82,215 shares of the company stock valued at $7,442,000.
First Trust Cloud Computing ETF Price Performance
NASDAQ:SKYY shares opened at $63.06 on Tuesday. The First Trust Cloud Computing ETF hit a one-year low of $54.50 and a one-year high of $79.44. The company has a market capitalization of $2.42 billion, a P/E of 20.90 and a beta of 1.06. The stock has a 50-day moving average of $64.44 and a 200-day moving average of $64.22.
First Trust Cloud Computing ETF Company Profile
First Trust Cloud Computing ETF (SKYY) is an exchange traded fund based on the ISE Cloud Computing Index. This fund tracks an index of companies involved in the cloud computing industry. The modified equal weighted cap for equities is 4.5%. SKYY was opened on July 5, 2011 and is managed by First Trust.
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