Paragon Private Wealth Management LLC Increases Position in First Trust Cloud Computing ETF $SKYY

Paragon Private Wealth Management LLC increased its position in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 127.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,065 shares of the company’s stock after purchasing an additional 19,068 shares during the period. First Trust Cloud Computing ETF accounts for 1.2% of Paragon Private Wealth Management LLC’s portfolio, making the stock its 18th largest holding. Paragon Private Wealth Management LLC owned 0.17% of First Trust Cloud Computing ETF worth $4,584,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its holdings in First Trust Cloud Computing ETF by 12,567.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,301,211 shares of the company’s stock valued at $429,422,000 after acquiring an additional 3,275,151 shares during the period. LPL Financial LLC boosted its stake in shares of First Trust Cloud Computing ETF by 2.0% in the fourth quarter. LPL Financial LLC now owns 917,710 shares of the company’s stock worth $119,376,000 after acquiring an additional 17,690 shares during the period. UBS Group AG grew its position in shares of First Trust Cloud Computing ETF by 2.1% during the third quarter. UBS Group AG now owns 538,996 shares of the company’s stock worth $72,452,000 after purchasing an additional 11,236 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of First Trust Cloud Computing ETF by 16.4% during the fourth quarter. Wells Fargo & Company MN now owns 335,915 shares of the company’s stock worth $43,696,000 after purchasing an additional 47,229 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in First Trust Cloud Computing ETF by 12.7% during the 1st quarter. Royal Bank of Canada now owns 212,254 shares of the company’s stock valued at $23,212,000 after purchasing an additional 23,847 shares during the period.

First Trust Cloud Computing ETF Trading Down 0.9%

NASDAQ SKYY opened at $159.31 on Thursday. First Trust Cloud Computing ETF has a 12 month low of $103.76 and a 12 month high of $169.05. The stock has a market cap of $3.19 billion, a PE ratio of 33.85 and a beta of 1.26. The stock’s 50 day moving average is $147.17 and its 200 day moving average is $130.39.

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.