First Trust Cloud Computing ETF $SKYY Stock Position Raised by Royal Bank of Canada

Royal Bank of Canada lifted its holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 12.7% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 212,254 shares of the company’s stock after acquiring an additional 23,847 shares during the quarter. Royal Bank of Canada’s holdings in First Trust Cloud Computing ETF were worth $23,212,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Marshall Wace LLP purchased a new stake in shares of First Trust Cloud Computing ETF during the second quarter worth $3,175,000. Brown Advisory Inc. acquired a new position in First Trust Cloud Computing ETF during the second quarter valued at approximately $337,000. NewEdge Advisors LLC raised its holdings in First Trust Cloud Computing ETF by 17.9% in the 2nd quarter. NewEdge Advisors LLC now owns 30,644 shares of the company’s stock worth $3,727,000 after acquiring an additional 4,652 shares during the period. Quantinno Capital Management LP acquired a new position in shares of First Trust Cloud Computing ETF during the 2nd quarter worth about $597,000. Finally, Ameriprise Financial Inc. lifted its holdings 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 buying an additional 11,987 shares during the last quarter.

First Trust Cloud Computing ETF Price Performance

NASDAQ SKYY opened at $153.48 on Thursday. First Trust Cloud Computing ETF has a 52-week low of $103.76 and a 52-week high of $156.32. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of 33.85 and a beta of 1.24. The company’s fifty day moving average is $137.86 and its two-hundred day moving average is $124.42.

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.