88,885 Shares in First Trust Cloud Computing ETF $SKYY Bought by Navellier & Associates Inc.

Navellier & Associates Inc. acquired a new stake in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 88,885 shares of the company’s stock, valued at approximately $8,552,000.

Other institutional investors also recently bought and sold shares of the company. Parallel Advisors LLC lifted its holdings in First Trust Cloud Computing ETF by 97.0% in the third quarter. Parallel Advisors LLC now owns 197 shares of the company’s stock valued at $26,000 after acquiring an additional 97 shares during the period. Franklin Resources Inc. bought a new stake in shares of First Trust Cloud Computing ETF during the 4th quarter valued at about $33,000. Capital Advisors Ltd. LLC bought a new stake in shares of First Trust Cloud Computing ETF during the 1st quarter valued at about $35,000. Russell Investments Group Ltd. increased its position in shares of 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 valued at $38,000 after purchasing an additional 185 shares during the last quarter. Finally, Continuum Advisory LLC bought a new position in shares of First Trust Cloud Computing ETF in the 2nd quarter worth approximately $40,000.

First Trust Cloud Computing ETF Stock Down 0.9%

Shares of NASDAQ:SKYY opened at $165.14 on Friday. The stock has a market capitalization of $3.30 billion, a PE ratio of 33.85 and a beta of 1.24. The firm’s 50 day moving average price is $145.23 and its 200-day moving average price is $129.27. First Trust Cloud Computing ETF has a twelve month low of $103.76 and a twelve month high of $169.05.

First Trust Cloud Computing ETF Company 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.