Cresta Advisors Ltd. Purchases 2,000 Shares of First Trust Cloud Computing ETF (NASDAQ:SKYY)

Cresta Advisors Ltd. boosted its position in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 36.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,500 shares of the company’s stock after acquiring an additional 2,000 shares during the quarter. Cresta Advisors Ltd.’s holdings in First Trust Cloud Computing ETF were worth $767,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in SKYY. US Bancorp DE increased its position in First Trust Cloud Computing ETF by 8.2% during the 3rd quarter. US Bancorp DE now owns 6,220 shares of the company’s stock worth $636,000 after buying an additional 472 shares during the period. Creative Planning grew its position in First Trust Cloud Computing ETF by 8.0% during the third quarter. Creative Planning now owns 11,929 shares of the company’s stock worth $1,220,000 after buying an additional 885 shares in the last quarter. Blue Trust Inc. bought a new position in shares of First Trust Cloud Computing ETF in the second quarter worth $48,000. &PARTNERS raised its position in shares of First Trust Cloud Computing ETF by 21.0% in the 2nd quarter. &PARTNERS now owns 6,584 shares of the company’s stock valued at $629,000 after buying an additional 1,141 shares in the last quarter. Finally, Main Management ETF Advisors LLC raised its position in 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 purchasing an additional 1,200 shares in the last quarter.

First Trust Cloud Computing ETF Trading Down 2.6 %

Shares of NASDAQ SKYY opened at $124.63 on Wednesday. The stock has a 50-day moving average price of $113.26 and a two-hundred day moving average price of $101.46. The company has a market cap of $3.65 billion, a price-to-earnings ratio of 33.21 and a beta of 1.06. First Trust Cloud Computing ETF has a 12 month low of $82.91 and a 12 month high of $131.13.

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.