First Trust Cloud Computing ETF (NASDAQ:SKYY – Get Free Report) shares saw strong trading volume on Tuesday . 1,070,614 shares were traded during mid-day trading, an increase of 242% from the previous session’s volume of 313,210 shares.The stock last traded at $134.70 and had previously closed at $139.95.
First Trust Cloud Computing ETF Stock Up 0.1%
The stock’s 50-day simple moving average is $125.35 and its 200 day simple moving average is $122.69. The company has a market cap of $2.76 billion, a price-to-earnings ratio of 33.85 and a beta of 1.24.
Institutional Trading of First Trust Cloud Computing ETF
Several hedge funds have recently made changes to their positions in SKYY. Marshall Wace LLP acquired a new stake in shares of First Trust Cloud Computing ETF during the second quarter worth about $3,175,000. Brown Advisory Inc. acquired a new stake in shares of First Trust Cloud Computing ETF during the second quarter worth about $337,000. NewEdge Advisors LLC lifted its position in shares of First Trust Cloud Computing ETF by 17.9% during the second quarter. NewEdge Advisors LLC now owns 30,644 shares of the company’s stock worth $3,727,000 after purchasing an additional 4,652 shares in the last quarter. Quantinno Capital Management LP acquired a new stake in shares of First Trust Cloud Computing ETF during the second quarter worth about $597,000. Finally, Ameriprise Financial Inc. lifted its position in shares of First Trust Cloud Computing ETF by 7.8% during the second quarter. Ameriprise Financial Inc. now owns 164,762 shares of the company’s stock worth $20,041,000 after purchasing an additional 11,987 shares in the last quarter.
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.
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