First Trust Cloud Computing ETF (NASDAQ:SKYY – Get Free Report) shares saw unusually-high trading volume on Wednesday . Approximately 549,144 shares changed hands during trading, an increase of 166% from the previous session’s volume of 206,752 shares.The stock last traded at $121.04 and had previously closed at $118.67.
First Trust Cloud Computing ETF Price Performance
The stock has a market capitalization of $3.70 billion, a P/E ratio of 33.21 and a beta of 1.06. The stock’s fifty day moving average is $121.68 and its two-hundred day moving average is $106.71.
Institutional Investors Weigh In On First Trust Cloud Computing ETF
Large investors have recently modified their holdings of the stock. Morse Asset Management Inc acquired a new stake in shares of First Trust Cloud Computing ETF during the third quarter worth $40,000. Values First Advisors Inc. acquired a new stake in First Trust Cloud Computing ETF during the 3rd quarter worth about $49,000. Anchor Investment Management LLC raised its holdings in First Trust Cloud Computing ETF by 53.4% during the 2nd quarter. Anchor Investment Management LLC now owns 675 shares of the company’s stock worth $64,000 after buying an additional 235 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in First Trust Cloud Computing ETF during the third quarter valued at about $65,000. Finally, GAMMA Investing LLC boosted its holdings in shares of First Trust Cloud Computing ETF by 37.2% in the third quarter. GAMMA Investing LLC now owns 738 shares of the company’s stock worth $75,000 after buying an additional 200 shares during the period.
About First Trust Cloud Computing ETF
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.
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