Florin Court Capital LLP Raises Position in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Florin Court Capital LLP boosted its position in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 8.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 76,100 shares of the company’s stock after acquiring an additional 6,100 shares during the period. First Trust Cloud Computing ETF comprises approximately 7.1% of Florin Court Capital LLP’s investment portfolio, making the stock its 5th biggest holding. Florin Court Capital LLP’s holdings in First Trust Cloud Computing ETF were worth $6,672,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in SKYY. International Assets Investment Management LLC increased its holdings in shares of First Trust Cloud Computing ETF by 8,785.2% in the 4th quarter. International Assets Investment Management LLC now owns 311,870 shares of the company’s stock worth $27,342,000 after buying an additional 308,360 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in First Trust Cloud Computing ETF during the fourth quarter worth approximately $5,468,000. Valley Wealth Managers Inc. purchased a new stake in First Trust Cloud Computing ETF during the third quarter valued at approximately $3,815,000. Robertson Stephens Wealth Management LLC bought a new stake in shares of First Trust Cloud Computing ETF in the 3rd quarter valued at approximately $3,737,000. Finally, Good Life Advisors LLC purchased a new position in shares of First Trust Cloud Computing ETF in the 4th quarter worth approximately $2,788,000.

First Trust Cloud Computing ETF Trading Up 1.5 %

Shares of NASDAQ SKYY traded up $1.40 during trading hours on Friday, hitting $93.02. 42,890 shares of the company traded hands, compared to its average volume of 188,547. The company’s 50 day moving average price is $94.03 and its 200 day moving average price is $87.22. First Trust Cloud Computing ETF has a 12 month low of $60.65 and a 12 month high of $97.78. The stock has a market capitalization of $3.01 billion, a price-to-earnings ratio of 35.15 and a beta of 1.06.

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.