First Trust Cloud Computing ETF (NASDAQ:SKYY) Reaches New 12-Month High – Here’s What Happened

First Trust Cloud Computing ETF (NASDAQ:SKYY)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $121.67 and last traded at $121.32, with a volume of 122362 shares trading hands. The stock had previously closed at $117.62.

First Trust Cloud Computing ETF Stock Performance

The firm’s 50-day simple moving average is $107.62 and its 200 day simple moving average is $98.88. The company has a market cap of $3.60 billion, a P/E ratio of 33.21 and a beta of 1.06.

Institutional Trading of First Trust Cloud Computing ETF

Several institutional investors and hedge funds have recently made changes to their positions in SKYY. Cresta Advisors Ltd. increased its position in shares of First Trust Cloud Computing ETF by 36.4% in the 3rd quarter. Cresta Advisors Ltd. now owns 7,500 shares of the company’s stock valued at $767,000 after buying an additional 2,000 shares in the last quarter. National Bank of Canada FI increased its position in shares of First Trust Cloud Computing ETF by 2.7% in the 3rd quarter. National Bank of Canada FI now owns 61,284 shares of the company’s stock valued at $6,267,000 after buying an additional 1,596 shares in the last quarter. Stifel Financial Corp increased its position in shares of First Trust Cloud Computing ETF by 4.6% in the 3rd quarter. Stifel Financial Corp now owns 50,047 shares of the company’s stock valued at $5,118,000 after buying an additional 2,207 shares in the last quarter. Morse Asset Management Inc bought a new stake in shares of First Trust Cloud Computing ETF in the 3rd quarter valued at $40,000. Finally, Benjamin Edwards Inc. bought a new stake in shares of First Trust Cloud Computing ETF in the 3rd quarter valued at $5,373,000.

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.