First Trust Cloud Computing ETF $SKYY Shares Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. lifted its position in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 12,567.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,301,211 shares of the company’s stock after buying an additional 3,275,151 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 14.77% of First Trust Cloud Computing ETF worth $429,422,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Envestnet Asset Management Inc. boosted its position in shares of First Trust Cloud Computing ETF by 61.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 154,904 shares of the company’s stock worth $20,822,000 after purchasing an additional 58,740 shares during the period. SPC Financial Inc. boosted its position in shares of First Trust Cloud Computing ETF by 10.7% during the 3rd quarter. SPC Financial Inc. now owns 51,711 shares of the company’s stock worth $6,951,000 after purchasing an additional 4,978 shares during the period. San Luis Wealth Advisors LLC purchased a new position in shares of First Trust Cloud Computing ETF during the 4th quarter worth approximately $801,000. Florin Court Capital LLP boosted its position in shares of First Trust Cloud Computing ETF by 96.0% during the 3rd quarter. Florin Court Capital LLP now owns 19,600 shares of the company’s stock worth $2,635,000 after purchasing an additional 9,600 shares during the period. Finally, Warner Group LLC purchased a new position in shares of First Trust Cloud Computing ETF during the 3rd quarter worth approximately $3,279,000.

First Trust Cloud Computing ETF Stock Performance

NASDAQ:SKYY opened at $128.50 on Friday. The stock has a market capitalization of $2.65 billion, a P/E ratio of 33.85 and a beta of 1.19. The company has a 50 day moving average price of $115.87 and a 200 day moving average price of $122.51. First Trust Cloud Computing ETF has a fifty-two week low of $103.76 and a fifty-two week high of $143.74.

First Trust Cloud Computing ETF Company 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.