19,060 Shares in First Trust Cloud Computing ETF $SKYY Bought by Hyposwiss Advisors SA

Hyposwiss Advisors SA acquired 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 disclosure with the Securities and Exchange Commission. The firm acquired 19,060 shares of the company’s stock, valued at approximately $2,479,000. First Trust Cloud Computing ETF accounts for 2.4% of Hyposwiss Advisors SA’s holdings, making the stock its 11th biggest holding.

Other hedge funds have also added to or reduced their stakes in the company. Parallel Advisors LLC increased its holdings in First Trust Cloud Computing ETF by 97.0% during the 3rd quarter. Parallel Advisors LLC now owns 197 shares of the company’s stock worth $26,000 after purchasing an additional 97 shares in the last quarter. N.E.W. Advisory Services LLC bought a new position in First Trust Cloud Computing ETF during the 4th quarter worth about $30,000. Franklin Resources Inc. bought a new position in First Trust Cloud Computing ETF during the 4th quarter worth about $33,000. Russell Investments Group Ltd. increased its holdings in First Trust Cloud Computing ETF by 177.9% during the 4th quarter. Russell Investments Group Ltd. now owns 289 shares of the company’s stock worth $38,000 after purchasing an additional 185 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in First Trust Cloud Computing ETF during the 4th quarter worth about $47,000.

First Trust Cloud Computing ETF Trading Down 2.5%

SKYY stock opened at $131.92 on Thursday. The stock has a 50-day moving average price of $127.70 and a two-hundred day moving average price of $122.94. The stock has a market cap of $2.72 billion, a PE ratio of 33.85 and a beta of 1.24. First Trust Cloud Computing ETF has a 1 year low of $103.76 and a 1 year high of $155.76.

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.