Risk Paradigm Group LLC Takes Position in First Trust Cloud Computing ETF $SKYY

Risk Paradigm Group LLC acquired a new position in First Trust Cloud Computing ETF (NASDAQ:SKYY) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 40,498 shares of the company’s stock, valued at approximately $5,449,000. First Trust Cloud Computing ETF comprises approximately 3.6% of Risk Paradigm Group LLC’s investment portfolio, making the stock its 5th largest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Parallel Advisors LLC lifted its stake in First Trust Cloud Computing ETF by 97.0% during the third quarter. Parallel Advisors LLC now owns 197 shares of the company’s stock valued at $26,000 after purchasing an additional 97 shares during the last quarter. Franklin Resources Inc. acquired a new position in First Trust Cloud Computing ETF in the fourth quarter worth approximately $33,000. Russell Investments Group Ltd. grew its position in First Trust Cloud Computing ETF by 177.9% in the fourth quarter. Russell Investments Group Ltd. now owns 289 shares of the company’s stock worth $38,000 after buying an additional 185 shares during the last quarter. Continuum Advisory LLC bought a new position in shares of First Trust Cloud Computing ETF in the second quarter valued at $40,000. Finally, Capital Advisors Ltd. LLC bought a new position in shares of First Trust Cloud Computing ETF in the first quarter valued at $35,000.

First Trust Cloud Computing ETF Stock Performance

Shares of NASDAQ:SKYY opened at $165.14 on Monday. First Trust Cloud Computing ETF has a one year low of $103.76 and a one year high of $169.05. The stock has a fifty day moving average of $145.23 and a 200-day moving average of $129.37. The company has a market capitalization of $3.30 billion, a PE 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.