Kraft Davis & Associates LLC Acquires 3,425 Shares of First Trust Cloud Computing ETF $SKYY

Kraft Davis & Associates LLC raised its holdings in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 112.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,463 shares of the company’s stock after acquiring an additional 3,425 shares during the quarter. Kraft Davis & Associates LLC’s holdings in First Trust Cloud Computing ETF were worth $870,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Parallel Advisors LLC raised its holdings in First Trust Cloud Computing ETF by 97.0% in 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 period. RFG Advisory LLC grew its holdings in First Trust Cloud Computing ETF by 1.5% during the fourth quarter. RFG Advisory LLC now owns 7,165 shares of the company’s stock valued at $932,000 after purchasing an additional 107 shares during the period. Arkadios Wealth Advisors grew its holdings in First Trust Cloud Computing ETF by 2.6% during the first quarter. Arkadios Wealth Advisors now owns 4,577 shares of the company’s stock valued at $501,000 after purchasing an additional 116 shares during the period. Beacon Financial Advisory LLC increased its position in First Trust Cloud Computing ETF by 2.8% in the fourth quarter. Beacon Financial Advisory LLC now owns 4,297 shares of the company’s stock worth $559,000 after buying an additional 117 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC increased its position in First Trust Cloud Computing ETF by 1.7% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 7,154 shares of the company’s stock worth $782,000 after buying an additional 118 shares in the last quarter.

First Trust Cloud Computing ETF Stock Down 0.9%

NASDAQ SKYY opened at $159.31 on Thursday. First Trust Cloud Computing ETF has a 52 week low of $103.76 and a 52 week high of $169.05. The company has a market capitalization of $3.19 billion, a P/E ratio of 33.85 and a beta of 1.26. The stock’s 50-day moving average price is $147.17 and its 200-day moving average price is $130.39.

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.