Simon Quick Advisors LLC Buys New Position in First Trust Cloud Computing ETF $SKYY

Simon Quick Advisors LLC bought a new stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 12,845 shares of the company’s stock, valued at approximately $1,562,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. LPL Financial LLC raised its stake in First Trust Cloud Computing ETF by 9.7% in the first quarter. LPL Financial LLC now owns 912,898 shares of the company’s stock valued at $93,326,000 after purchasing an additional 80,874 shares in the last quarter. Raymond James Financial Inc. raised its stake in First Trust Cloud Computing ETF by 104.1% in the first quarter. Raymond James Financial Inc. now owns 550,382 shares of the company’s stock valued at $56,266,000 after purchasing an additional 280,749 shares in the last quarter. Private Advisor Group LLC raised its stake in First Trust Cloud Computing ETF by 0.8% in the first quarter. Private Advisor Group LLC now owns 162,938 shares of the company’s stock valued at $16,657,000 after purchasing an additional 1,350 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in First Trust Cloud Computing ETF by 7.5% in the second quarter. Envestnet Asset Management Inc. now owns 96,164 shares of the company’s stock valued at $11,697,000 after purchasing an additional 6,725 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in First Trust Cloud Computing ETF by 77.8% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 58,051 shares of the company’s stock valued at $5,935,000 after purchasing an additional 25,397 shares in the last quarter.

First Trust Cloud Computing ETF Price Performance

Shares of NASDAQ SKYY opened at $139.39 on Friday. First Trust Cloud Computing ETF has a one year low of $85.38 and a one year high of $142.02. The firm’s 50 day simple moving average is $133.48 and its two-hundred day simple moving average is $121.74. The stock has a market capitalization of $3.35 billion, a P/E ratio of 33.85 and a beta of 1.24.

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.