First Trust Cloud Computing ETF (NASDAQ:SKYY) Hits New 52-Week High – Here’s What Happened

Shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $107.09 and last traded at $106.96, with a volume of 13200 shares. The stock had previously closed at $106.32.

First Trust Cloud Computing ETF Stock Up 0.5 %

The company’s fifty day simple moving average is $99.48 and its 200 day simple moving average is $95.48. The firm has a market capitalization of $3.12 billion, a PE ratio of 33.21 and a beta of 1.06.

Institutional Investors Weigh In On First Trust Cloud Computing ETF

Institutional investors have recently modified their holdings of the stock. EdgeRock Capital LLC purchased a new stake in shares of First Trust Cloud Computing ETF during the second quarter valued at $33,000. PFS Partners LLC bought a new stake in shares of First Trust Cloud Computing ETF in the first quarter worth approximately $43,000. VitalStone Financial LLC raised its holdings in shares of First Trust Cloud Computing ETF by 44.4% during the first quarter. VitalStone Financial LLC now owns 465 shares of the company’s stock valued at $44,000 after purchasing an additional 143 shares during the last quarter. Future Financial Wealth Managment LLC bought a new position in First Trust Cloud Computing ETF during the first quarter valued at approximately $48,000. Finally, Blue Trust Inc. bought a new position in First Trust Cloud Computing ETF during the second quarter valued at approximately $48,000.

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.