Kestra Investment Management LLC Purchases Shares of 488 First Trust Cloud Computing ETF (NASDAQ:SKYY)

Kestra Investment Management LLC purchased a new stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 488 shares of the company’s stock, valued at approximately $58,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. increased its stake in First Trust Cloud Computing ETF by 77.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 284 shares of the company’s stock valued at $34,000 after purchasing an additional 124 shares in the last quarter. Morse Asset Management Inc bought a new stake in First Trust Cloud Computing ETF in the third quarter valued at $40,000. Hemington Wealth Management increased its position in shares of First Trust Cloud Computing ETF by 29.6% during the fourth quarter. Hemington Wealth Management now owns 469 shares of the company’s stock worth $55,000 after acquiring an additional 107 shares in the last quarter. Values First Advisors Inc. bought a new stake in shares of First Trust Cloud Computing ETF during the third quarter worth about $49,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of First Trust Cloud Computing ETF during the third quarter worth about $65,000.

First Trust Cloud Computing ETF Price Performance

NASDAQ:SKYY opened at $121.78 on Friday. The firm has a 50-day moving average of $124.76 and a 200-day moving average of $112.63. The company has a market cap of $3.74 billion, a PE ratio of 33.21 and a beta of 1.06. First Trust Cloud Computing ETF has a one year low of $83.45 and a one year high of $131.54.

First Trust Cloud Computing ETF 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.