Kestra Investment Management LLC Invests $58,000 in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Kestra Investment Management LLC acquired a new position in First Trust Cloud Computing ETF (NASDAQ:SKYY) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 488 shares of the company’s stock, valued at approximately $58,000.

Other institutional investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. grew its position in First Trust Cloud Computing ETF by 77.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 284 shares of the company’s stock worth $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 3rd quarter worth about $40,000. Values First Advisors Inc. bought a new stake in First Trust Cloud Computing ETF in the 3rd quarter worth about $49,000. Hemington Wealth Management grew its position in First Trust Cloud Computing ETF by 29.6% in the 4th quarter. Hemington Wealth Management now owns 469 shares of the company’s stock worth $55,000 after purchasing an additional 107 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in First Trust Cloud Computing ETF in the 3rd quarter worth about $65,000.

First Trust Cloud Computing ETF Stock Performance

Shares of SKYY stock opened at $121.78 on Friday. First Trust Cloud Computing ETF has a 52-week low of $83.45 and a 52-week high of $131.54. The company has a 50-day simple moving average of $124.76 and a two-hundred day simple moving average of $112.63. The company has a market capitalization of $3.74 billion, a price-to-earnings ratio of 33.21 and a beta of 1.06.

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.