Park Avenue Securities LLC Makes New Investment in First Trust Cloud Computing ETF $SKYY

Park Avenue Securities LLC acquired a new stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,967 shares of the company’s stock, valued at approximately $1,143,000.

Several other institutional investors have also modified their holdings of the business. Flagship Harbor Advisors LLC acquired a new position in shares of First Trust Cloud Computing ETF during the third quarter worth about $801,000. Sigma Planning Corp raised its holdings in shares of First Trust Cloud Computing ETF by 19.7% in the 3rd quarter. Sigma Planning Corp now owns 14,089 shares of the company’s stock valued at $2,305,000 after purchasing an additional 2,320 shares in the last quarter. Simplicity Wealth LLC lifted its stake in First Trust Cloud Computing ETF by 170.8% during the third quarter. Simplicity Wealth LLC now owns 17,581 shares of the company’s stock worth $2,883,000 after purchasing an additional 11,089 shares during the last quarter. Private Wealth Partners LLC acquired a new stake in First Trust Cloud Computing ETF during the third quarter worth approximately $205,000. Finally, Boyce & Associates Wealth Consulting Inc. raised its stake in First Trust Cloud Computing ETF by 11.7% during the 3rd quarter. Boyce & Associates Wealth Consulting Inc. now owns 2,566 shares of the company’s stock worth $421,000 after acquiring an additional 269 shares in the last quarter.

First Trust Cloud Computing ETF Stock Performance

SKYY opened at $154.55 on Tuesday. The stock has a market capitalization of $3.21 billion, a P/E ratio of 33.85 and a beta of 1.27. First Trust Cloud Computing ETF has a one year low of $103.76 and a one year high of $175.81. The business’s 50-day simple moving average is $164.67 and its 200-day simple moving average is $136.67.

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.