Beacon Financial Advisory LLC Boosts Stock Holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Beacon Financial Advisory LLC grew its stake in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 11.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,703 shares of the company’s stock after buying an additional 492 shares during the period. Beacon Financial Advisory LLC’s holdings in First Trust Cloud Computing ETF were worth $560,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Renaissance Technologies LLC acquired a new stake in First Trust Cloud Computing ETF during the 2nd quarter worth approximately $325,000. Marshall Wace LLP purchased a new stake in First Trust Cloud Computing ETF during the second quarter worth approximately $209,000. Sanctuary Advisors LLC acquired a new stake in shares of First Trust Cloud Computing ETF in the second quarter worth $979,000. GAMMA Investing LLC raised its stake in shares of First Trust Cloud Computing ETF by 37.2% in the 3rd quarter. GAMMA Investing LLC now owns 738 shares of the company’s stock valued at $75,000 after acquiring an additional 200 shares during the period. Finally, CWM LLC lifted its holdings in shares of First Trust Cloud Computing ETF by 1.1% during the 3rd quarter. CWM LLC now owns 13,422 shares of the company’s stock valued at $1,373,000 after acquiring an additional 145 shares in the last quarter.

First Trust Cloud Computing ETF Trading Up 0.8 %

Shares of First Trust Cloud Computing ETF stock opened at $129.99 on Thursday. First Trust Cloud Computing ETF has a twelve month low of $83.45 and a twelve month high of $131.13. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of 33.21 and a beta of 1.06. The company has a fifty day moving average price of $123.72 and a 200 day moving average price of $109.84.

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.