Migdal Insurance & Financial Holdings Ltd. Boosts Position in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Migdal Insurance & Financial Holdings Ltd. raised its position in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 50.1% in the fourth quarter, HoldingsChannel reports. The firm owned 22,875 shares of the company’s stock after acquiring an additional 7,640 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in First Trust Cloud Computing ETF were worth $2,008,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. VitalStone Financial LLC lifted its holdings in First Trust Cloud Computing ETF by 144.8% during the third quarter. VitalStone Financial LLC now owns 350 shares of the company’s stock worth $27,000 after buying an additional 207 shares during the period. Whittier Trust Co. purchased a new stake in shares of First Trust Cloud Computing ETF during the 3rd quarter worth $28,000. Anchor Investment Management LLC purchased a new stake in shares of First Trust Cloud Computing ETF during the 4th quarter worth $40,000. Worth Asset Management LLC bought a new stake in First Trust Cloud Computing ETF during the first quarter valued at about $34,000. Finally, Blue Bell Private Wealth Management LLC grew its stake in First Trust Cloud Computing ETF by 37.7% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 720 shares of the company’s stock valued at $63,000 after purchasing an additional 197 shares during the last quarter.

First Trust Cloud Computing ETF Stock Performance

Shares of First Trust Cloud Computing ETF stock opened at $90.76 on Thursday. The company has a market capitalization of $2.95 billion, a PE ratio of 20.90 and a beta of 1.06. The company has a 50-day simple moving average of $94.55 and a two-hundred day simple moving average of $86.65. First Trust Cloud Computing ETF has a one year low of $60.65 and a one year high of $97.78.

About First Trust Cloud Computing ETF

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.