Edmond DE Rothschild Holding S.A. Raises Stock Holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Edmond DE Rothschild Holding S.A. raised its position in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 953.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,696 shares of the company’s stock after buying an additional 2,440 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in First Trust Cloud Computing ETF were worth $321,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in First Trust Cloud Computing ETF during the 4th quarter valued at about $32,119,000. Benjamin Edwards Inc. purchased a new position in shares of First Trust Cloud Computing ETF during the third quarter valued at approximately $5,373,000. SPC Financial Inc. bought a new stake in shares of First Trust Cloud Computing ETF in the 4th quarter worth approximately $4,920,000. Private Advisor Group LLC boosted its position in shares of First Trust Cloud Computing ETF by 34.2% in the 4th quarter. Private Advisor Group LLC now owns 161,588 shares of the company’s stock worth $19,248,000 after purchasing an additional 41,222 shares in the last quarter. Finally, SP Asset Management LLC purchased a new stake in shares of First Trust Cloud Computing ETF in the 4th quarter worth approximately $2,651,000.

First Trust Cloud Computing ETF Trading Up 1.6 %

Shares of NASDAQ:SKYY opened at $105.07 on Thursday. The stock has a fifty day simple moving average of $118.05 and a two-hundred day simple moving average of $115.88. First Trust Cloud Computing ETF has a 12-month low of $83.45 and a 12-month high of $131.54. The stock has a market capitalization of $3.23 billion, a price-to-earnings ratio of 33.08 and a beta of 1.06.

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.