Archford Capital Strategies LLC Makes New Investment in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Archford Capital Strategies LLC acquired a new position in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,313 shares of the company’s stock, valued at approximately $633,000.

Other hedge funds have also bought and sold shares of the company. Morse Asset Management Inc bought a new position in shares of First Trust Cloud Computing ETF during the 3rd quarter worth approximately $40,000. Values First Advisors Inc. bought a new position in First Trust Cloud Computing ETF during the third quarter worth $49,000. Wilmington Savings Fund Society FSB acquired a new stake in First Trust Cloud Computing ETF in the third quarter worth $65,000. Anchor Investment Management LLC grew its holdings in First Trust Cloud Computing ETF by 53.4% in the second quarter. Anchor Investment Management LLC now owns 675 shares of the company’s stock worth $64,000 after purchasing an additional 235 shares during the period. Finally, GAMMA Investing LLC increased its stake in First Trust Cloud Computing ETF by 37.2% in the third quarter. GAMMA Investing LLC now owns 738 shares of the company’s stock valued at $75,000 after purchasing an additional 200 shares in the last quarter.

First Trust Cloud Computing ETF Price Performance

SKYY stock opened at $127.38 on Monday. The company’s 50-day moving average is $122.71 and its 200-day moving average is $108.26. The stock has a market capitalization of $3.85 billion, a PE ratio of 33.21 and a beta of 1.06. First Trust Cloud Computing ETF has a 1 year low of $83.45 and a 1 year high of $131.13.

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.