BlueStem Wealth Partners LLC Acquires New Stake in First Trust Cloud Computing ETF (NASDAQ:SKYY)

BlueStem Wealth Partners LLC bought a new position in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,639 shares of the company’s stock, valued at approximately $314,000.

Several other institutional investors have also recently made changes to their positions in the stock. PNC Financial Services Group Inc. increased its holdings in shares of 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 worth $18,144,000 after purchasing an additional 82,121 shares during the period. Private Advisor Group LLC grew its stake in shares of First Trust Cloud Computing ETF by 34.2% during the fourth quarter. Private Advisor Group LLC now owns 161,588 shares of the company’s stock valued at $19,248,000 after buying an additional 41,222 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of First Trust Cloud Computing ETF by 4.0% during the third quarter. JPMorgan Chase & Co. now owns 147,336 shares of the company’s stock valued at $15,067,000 after buying an additional 5,620 shares during the last quarter. National Bank of Canada FI grew its stake in shares of First Trust Cloud Computing ETF by 2.7% during the third 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 during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its holdings in shares of First Trust Cloud Computing ETF by 4.2% during the third quarter. Rockefeller Capital Management L.P. now owns 55,091 shares of the company’s stock worth $5,634,000 after purchasing an additional 2,232 shares during the period.

First Trust Cloud Computing ETF Trading Up 0.6 %

First Trust Cloud Computing ETF stock opened at $117.70 on Friday. The firm has a 50-day moving average of $124.17 and a 200-day moving average of $114.00. The firm has a market cap of $3.67 billion, a P/E ratio of 32.02 and a beta of 1.14. First Trust Cloud Computing ETF has a 1-year low of $83.45 and a 1-year high of $131.54.

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.