Cloud Hosting

NewEdge Wealth LLC acquired a new stake in First Trust Cloud Computing ETF (NASDAQ:SKYY Free Report) during the 4th quarter, Holdings Channel reports. The fund acquired 2,596 shares of the companys stock, valued at approximately $228,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Meitav Investment House Ltd. lifted its position in First Trust Cloud Computing ETF by 31.1% in the 4th quarter. Meitav Investment House Ltd. now owns 39,607 shares of the companys stock valued at $3,484,000 after acquiring an additional 9,398 shares in the last quarter. Blue Bell Private Wealth Management LLC lifted its position in First Trust Cloud Computing ETF by 37.7% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 720 shares of the companys stock valued at $63,000 after acquiring an additional 197 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in First Trust Cloud Computing ETF in the 4th quarter valued at $5,468,000. Prime Capital Investment Advisors LLC bought a new stake in First Trust Cloud Computing ETF in the 4th quarter valued at $214,000. Finally, Fulton Bank N.A. lifted its position in First Trust Cloud Computing ETF by 1.5% in the 4th quarter. Fulton Bank N.A. now owns 21,861 shares of the companys stock valued at $1,917,000 after acquiring an additional 315 shares in the last quarter.

SKYY opened at $90.10 on Friday. First Trust Cloud Computing ETF has a 12 month low of $60.65 and a 12 month high of $97.78. The firms fifty day simple moving average is $94.45 and its 200 day simple moving average is $86.67. The stock has a market capitalization of $2.93 billion, a P/E ratio of 20.90 and a beta of 1.06.

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.

Want to see what other hedge funds are holding SKYY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Cloud Computing ETF (NASDAQ:SKYY Free Report).

Receive News & Ratings for First Trust Cloud Computing ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Cloud Computing ETF and related companies with MarketBeat.com's FREE daily email newsletter.

Read more from the original source:
NewEdge Wealth LLC Acquires New Stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) - Defense World