6,967 Shares in First Trust Cloud Computing ETF $SKYY Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC bought a new position in First Trust Cloud Computing ETF (NASDAQ:SKYY) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,967 shares of the company’s stock, valued at approximately $1,143,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Flagship Harbor Advisors LLC purchased a new stake in shares of First Trust Cloud Computing ETF in the 3rd quarter valued at $801,000. Sigma Planning Corp increased its position in shares of First Trust Cloud Computing ETF by 19.7% in the third quarter. Sigma Planning Corp now owns 14,089 shares of the company’s stock valued at $2,305,000 after buying an additional 2,320 shares in the last quarter. Simplicity Wealth LLC raised its stake in shares of First Trust Cloud Computing ETF by 170.8% during the 3rd quarter. Simplicity Wealth LLC now owns 17,581 shares of the company’s stock worth $2,883,000 after buying an additional 11,089 shares during the period. Private Wealth Partners LLC purchased a new position in shares of First Trust Cloud Computing ETF during the 3rd quarter valued at approximately $205,000. Finally, Boyce & Associates Wealth Consulting Inc. raised its position in First Trust Cloud Computing ETF by 11.7% during the third quarter. Boyce & Associates Wealth Consulting Inc. now owns 2,566 shares of the company’s stock worth $421,000 after acquiring an additional 269 shares during the period.

First Trust Cloud Computing ETF Trading Down 3.3%

NASDAQ:SKYY opened at $154.55 on Tuesday. The company has a market cap of $3.21 billion, a P/E ratio of 33.85 and a beta of 1.27. First Trust Cloud Computing ETF has a twelve month low of $103.76 and a twelve month high of $175.81. The company’s 50-day moving average price is $164.67 and its 200-day moving average price is $136.67.

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.