UBS Group AG Has $67.75 Million Stock Holdings in First Trust Cloud Computing ETF $SKYY

UBS Group AG lessened its position in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 3.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 520,821 shares of the company’s stock after selling 18,175 shares during the quarter. UBS Group AG’s holdings in First Trust Cloud Computing ETF were worth $67,748,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Parallel Advisors LLC increased its stake 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 valued at $26,000 after buying an additional 97 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new stake in First Trust Cloud Computing ETF in the 4th quarter valued at $30,000. Lowe Brockenbrough & Co. Inc. acquired a new stake in First Trust Cloud Computing ETF in the 3rd quarter valued at $41,000. Providence Capital Advisors LLC acquired a new stake in First Trust Cloud Computing ETF in the 3rd quarter valued at $67,000. Finally, Ameriflex Group Inc. acquired a new stake in First Trust Cloud Computing ETF in the 3rd quarter valued at $67,000.

First Trust Cloud Computing ETF Stock Up 1.8%

NASDAQ:SKYY opened at $126.64 on Tuesday. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 33.85 and a beta of 1.19. First Trust Cloud Computing ETF has a twelve month low of $103.76 and a twelve month high of $143.74. The stock’s 50 day moving average price is $112.53 and its two-hundred day moving average price is $122.85.

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.