EdgeRock Capital LLC Invests $33,000 in First Trust Cloud Computing ETF (NASDAQ:SKYY)

EdgeRock Capital LLC acquired a new position in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 360 shares of the company’s stock, valued at approximately $33,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. International Assets Investment Management LLC increased its position in shares of First Trust Cloud Computing ETF by 8,785.2% during the 4th quarter. International Assets Investment Management LLC now owns 311,870 shares of the company’s stock worth $27,342,000 after purchasing an additional 308,360 shares in the last quarter. Florin Court Capital LLP increased its position in shares of First Trust Cloud Computing ETF by 1,300.0% during the 3rd quarter. Florin Court Capital LLP now owns 70,000 shares of the company’s stock worth $5,314,000 after purchasing an additional 65,000 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of First Trust Cloud Computing ETF during the 4th quarter worth about $5,468,000. Valley Wealth Managers Inc. acquired a new stake in shares of First Trust Cloud Computing ETF during the 3rd quarter worth about $3,815,000. Finally, Robertson Stephens Wealth Management LLC acquired a new stake in First Trust Cloud Computing ETF in the 3rd quarter valued at about $3,737,000.

First Trust Cloud Computing ETF Stock Performance

SKYY traded down $0.29 during midday trading on Wednesday, hitting $92.49. The company had a trading volume of 84,786 shares, compared to its average volume of 182,173. The company has a market capitalization of $2.98 billion, a PE ratio of 33.21 and a beta of 1.58. First Trust Cloud Computing ETF has a twelve month low of $62.59 and a twelve month high of $97.78. The firm’s 50-day simple moving average is $94.02 and its 200-day simple moving average is $88.28.

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.