Hemington Wealth Management Boosts Holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Hemington Wealth Management increased its stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 29.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 469 shares of the company’s stock after buying an additional 107 shares during the period. Hemington Wealth Management’s holdings in First Trust Cloud Computing ETF were worth $55,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in SKYY. International Assets Investment Management LLC increased its stake in shares of First Trust Cloud Computing ETF by 11,038.7% in the third quarter. International Assets Investment Management LLC now owns 412,243 shares of the company’s stock worth $42,156,000 after buying an additional 408,542 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of First Trust Cloud Computing ETF by 86.2% in the third quarter. PNC Financial Services Group Inc. now owns 177,430 shares of the company’s stock worth $18,144,000 after buying an additional 82,121 shares during the last quarter. Benjamin Edwards Inc. bought a new stake in shares of First Trust Cloud Computing ETF in the third quarter worth $5,373,000. Plotkin Financial Advisors LLC bought a new stake in shares of First Trust Cloud Computing ETF in the third quarter worth $3,062,000. Finally, Private Advisor Group LLC increased its stake in shares of First Trust Cloud Computing ETF by 20.6% in the third quarter. Private Advisor Group LLC now owns 120,366 shares of the company’s stock worth $12,309,000 after buying an additional 20,559 shares during the last quarter.

First Trust Cloud Computing ETF Trading Up 0.1 %

Shares of NASDAQ:SKYY opened at $129.52 on Thursday. The company has a fifty day simple moving average of $124.48 and a 200 day simple moving average of $111.10. The firm has a market cap of $3.98 billion, a PE ratio of 33.21 and a beta of 1.06. First Trust Cloud Computing ETF has a 12-month low of $83.45 and a 12-month high of $131.54.

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.