Advisors Preferred LLC Makes New Investment in First Trust Cloud Computing ETF $SKYY

Advisors Preferred LLC purchased a new position in First Trust Cloud Computing ETF (NASDAQ:SKYY) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 389 shares of the company’s stock, valued at approximately $47,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SKYY. Mirae Asset Global Investments Co. Ltd. increased its position in shares of First Trust Cloud Computing ETF by 69.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 481 shares of the company’s stock valued at $50,000 after buying an additional 197 shares during the period. Robertson Stephens Wealth Management LLC increased its position in shares of First Trust Cloud Computing ETF by 11.6% in the second quarter. Robertson Stephens Wealth Management LLC now owns 2,359 shares of the company’s stock worth $287,000 after purchasing an additional 246 shares during the last quarter. Endowment Wealth Management Inc. grew its position in First Trust Cloud Computing ETF by 25.6% during the second quarter. Endowment Wealth Management Inc. now owns 5,180 shares of the company’s stock valued at $630,000 after acquiring an additional 1,057 shares during the last quarter. Blair William & Co. IL grew its position in First Trust Cloud Computing ETF by 4.7% during the second quarter. Blair William & Co. IL now owns 2,145 shares of the company’s stock valued at $261,000 after acquiring an additional 97 shares during the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC grew its position in First Trust Cloud Computing ETF by 7.6% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,292 shares of the company’s stock valued at $337,000 after acquiring an additional 233 shares during the last quarter.

First Trust Cloud Computing ETF Stock Performance

NASDAQ:SKYY opened at $138.07 on Wednesday. The firm has a market cap of $3.31 billion, a PE ratio of 33.85 and a beta of 1.24. First Trust Cloud Computing ETF has a fifty-two week low of $85.38 and a fifty-two week high of $143.74. The business has a 50 day moving average price of $134.67 and a 200-day moving average price of $123.05.

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.