Northwestern Mutual Wealth Management Co. Grows Stock Holdings in First Trust Cloud Computing ETF $SKYY

Northwestern Mutual Wealth Management Co. lifted its position in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 12,567.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,301,211 shares of the company’s stock after purchasing an additional 3,275,151 shares during the period. Northwestern Mutual Wealth Management Co. owned about 0.15% of First Trust Cloud Computing ETF worth $429,422,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Parallel Advisors LLC lifted its position in shares of First Trust Cloud Computing ETF by 97.0% during the 3rd quarter. Parallel Advisors LLC now owns 197 shares of the company’s stock worth $26,000 after purchasing an additional 97 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new stake in shares of First Trust Cloud Computing ETF during the 4th quarter worth $30,000. Lowe Brockenbrough & Co. Inc. purchased a new stake in shares of First Trust Cloud Computing ETF during the 3rd quarter worth $41,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of First Trust Cloud Computing ETF during the 4th quarter worth $65,000. Finally, Providence Capital Advisors LLC purchased a new stake in shares of First Trust Cloud Computing ETF during the 3rd quarter worth $67,000.

First Trust Cloud Computing ETF Trading Up 0.3%

First Trust Cloud Computing ETF stock opened at $128.50 on Friday. The stock has a market cap of $2.65 billion, a P/E ratio of 33.85 and a beta of 1.19. The company has a fifty day simple moving average of $115.87 and a 200-day simple moving average of $122.51. First Trust Cloud Computing ETF has a 12-month low of $103.76 and a 12-month high of $143.74.

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.