Eagle Strategies LLC Purchases Shares of 4,644 First Trust Cloud Computing ETF (NASDAQ:SKYY)

Eagle Strategies LLC acquired a new position in First Trust Cloud Computing ETF (NASDAQ:SKYY) in the 2nd quarter, HoldingsChannel reports. The firm acquired 4,644 shares of the company’s stock, valued at approximately $444,000.

Other large investors have also recently made changes to their positions in the company. Cetera Investment Advisers lifted its stake in First Trust Cloud Computing ETF by 1,277.0% in the first quarter. Cetera Investment Advisers now owns 74,135 shares of the company’s stock worth $7,087,000 after acquiring an additional 68,751 shares during the period. Seaview Investment Managers LLC bought a new stake in shares of First Trust Cloud Computing ETF during the 2nd quarter valued at about $2,532,000. 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. EverSource Wealth Advisors LLC purchased a new stake in First Trust Cloud Computing ETF in the fourth quarter worth about $1,718,000. Finally, Hsbc Holdings PLC bought a new stake in First Trust Cloud Computing ETF during the 4th quarter valued at approximately $1,561,000.

First Trust Cloud Computing ETF Stock Performance

Shares of NASDAQ:SKYY opened at $97.72 on Friday. The firm has a market capitalization of $3.00 billion, a P/E ratio of 33.21 and a beta of 1.06. The stock has a 50 day moving average price of $94.74 and a 200-day moving average price of $94.12. First Trust Cloud Computing ETF has a 52-week low of $70.42 and a 52-week high of $98.50.

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.