First Trust Cloud Computing ETF (NASDAQ:SKYY) Sets New 52-Week High – What’s Next?

Posted by Paula Ricardo on Nov 13th, 2024

First Trust Cloud Computing ETF (NASDAQ:SKYY – Get Free Report) hit a new 52-week high on Monday . The stock traded as high as $118.83 and last traded at $118.53, with a volume of 693 shares. The stock had previously closed at $117.68.

First Trust Cloud Computing ETF Trading Up 0.1 %

The stock has a 50 day moving average of $103.49 and a 200-day moving average of $97.30. The stock has a market capitalization of $3.50 billion, a P/E ratio of 33.21 and a beta of 1.06.

Institutional Trading of First Trust Cloud Computing ETF

Several institutional investors and hedge funds have recently made changes to their positions in SKYY. EP Wealth Advisors LLC increased its stake in First Trust Cloud Computing ETF by 5.1% in the 1st quarter. EP Wealth Advisors LLC now owns 2,452 shares of the company’s stock worth $234,000 after buying an additional 118 shares during the period. Emerald Advisors LLC raised its stake in shares of First Trust Cloud Computing ETF by 1.6% during the second quarter. Emerald Advisors LLC now owns 7,986 shares of the company’s stock valued at $763,000 after acquiring an additional 122 shares in the last quarter. HBK Sorce Advisory LLC raised its stake in shares of First Trust Cloud Computing ETF by 3.4% during the first quarter. HBK Sorce Advisory LLC now owns 4,357 shares of the company’s stock valued at $417,000 after acquiring an additional 142 shares in the last quarter. CWM LLC boosted its holdings in shares of First Trust Cloud Computing ETF by 1.1% in the third quarter. CWM LLC now owns 13,422 shares of the company’s stock valued at $1,373,000 after purchasing an additional 145 shares during the period. Finally, Kingsview Wealth Management LLC grew its stake in First Trust Cloud Computing ETF by 0.7% in the third quarter. Kingsview Wealth Management LLC now owns 21,799 shares of the company’s stock worth $2,229,000 after purchasing an additional 152 shares in the last quarter.

First Trust Cloud Computing ETF Company Profile

(Get Free Report)

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.