First Trust Cloud Computing ETF (NASDAQ:SKYY) Reaches New 1-Year High at $97.86

First Trust Cloud Computing ETF (NASDAQ:SKYY)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $97.86 and last traded at $97.59, with a volume of 13341 shares. The stock had previously closed at $97.55.

First Trust Cloud Computing ETF Trading Up 0.1 %

The stock’s fifty day moving average is $93.73 and its two-hundred day moving average is $93.73. The company has a market capitalization of $3.00 billion, a PE ratio of 33.21 and a beta of 1.06.

Institutional Investors Weigh In On First Trust Cloud Computing ETF

Several institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN lifted its holdings in First Trust Cloud Computing ETF by 1.6% during the fourth quarter. Wells Fargo & Company MN now owns 297,788 shares of the company’s stock valued at $26,107,000 after purchasing an additional 4,739 shares during the last quarter. Main Management ETF Advisors LLC increased its position in shares of First Trust Cloud Computing ETF by 0.8% during the second quarter. Main Management ETF Advisors LLC now owns 155,600 shares of the company’s stock valued at $14,864,000 after buying an additional 1,200 shares during the period. Raymond James & Associates increased its position in shares of First Trust Cloud Computing ETF by 0.4% during the second quarter. Raymond James & Associates now owns 148,379 shares of the company’s stock valued at $14,175,000 after buying an additional 581 shares during the period. PNC Financial Services Group Inc. increased its position in shares of First Trust Cloud Computing ETF by 2.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 132,969 shares of the company’s stock valued at $11,657,000 after buying an additional 2,566 shares during the period. Finally, Private Advisor Group LLC increased its position in shares of First Trust Cloud Computing ETF by 18.1% during the first quarter. Private Advisor Group LLC now owns 130,739 shares of the company’s stock valued at $12,499,000 after buying an additional 20,028 shares during the period.

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.