Whipplewood Advisors LLC Acquires New Holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Whipplewood Advisors LLC bought a new stake in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,076 shares of the company’s stock, valued at approximately $366,000.

A number of other institutional investors and hedge funds have also made changes to their positions in SKYY. PNC Financial Services Group Inc. grew its stake in First Trust Cloud Computing ETF by 86.2% in the third quarter. PNC Financial Services Group Inc. now owns 177,430 shares of the company’s stock valued at $18,144,000 after purchasing an additional 82,121 shares during the last quarter. Benjamin Edwards Inc. bought a new stake in shares of First Trust Cloud Computing ETF in the 3rd quarter valued at about $5,373,000. Private Advisor Group LLC grew its position in shares of First Trust Cloud Computing ETF by 34.2% in the 4th quarter. Private Advisor Group LLC now owns 161,588 shares of the company’s stock worth $19,248,000 after buying an additional 41,222 shares during the last quarter. Plotkin Financial Advisors LLC purchased a new stake in First Trust Cloud Computing ETF during the third quarter valued at approximately $3,062,000. Finally, Great Diamond Partners LLC acquired a new stake in First Trust Cloud Computing ETF in the third quarter valued at approximately $2,019,000.

First Trust Cloud Computing ETF Trading Up 1.2 %

NASDAQ SKYY opened at $119.68 on Thursday. First Trust Cloud Computing ETF has a 12-month low of $83.45 and a 12-month high of $131.54. The firm’s fifty day simple moving average is $124.36 and its two-hundred day simple moving average is $113.64. The firm has a market capitalization of $3.68 billion, a P/E ratio of 33.21 and a beta of 1.06.

About First Trust Cloud Computing ETF

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.