Forty three Eighteen Advisors LLC Acquires New Holdings in First Trust Cloud Computing ETF $SKYY

Forty three Eighteen Advisors LLC bought a new stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,439 shares of the company’s stock, valued at approximately $1,618,000. First Trust Cloud Computing ETF comprises approximately 1.3% of Forty three Eighteen Advisors LLC’s portfolio, making the stock its 25th biggest holding. Forty three Eighteen Advisors LLC owned about 0.06% of First Trust Cloud Computing ETF at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Parallel Advisors LLC increased its stake in shares of First Trust Cloud Computing ETF by 97.0% during the 3rd quarter. Parallel Advisors LLC now owns 197 shares of the company’s stock worth $26,000 after purchasing an additional 97 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new stake in shares of First Trust Cloud Computing ETF in the 4th quarter valued at $30,000. Franklin Resources Inc. bought a new stake in First Trust Cloud Computing ETF in the fourth quarter worth $33,000. Russell Investments Group Ltd. boosted its holdings in First Trust Cloud Computing ETF by 177.9% in the fourth quarter. Russell Investments Group Ltd. now owns 289 shares of the company’s stock worth $38,000 after purchasing an additional 185 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in First Trust Cloud Computing ETF in the fourth quarter worth $47,000.

First Trust Cloud Computing ETF Price Performance

First Trust Cloud Computing ETF stock opened at $131.88 on Friday. First Trust Cloud Computing ETF has a one year low of $103.76 and a one year high of $155.76. The company’s fifty day moving average price is $128.51 and its two-hundred day moving average price is $123.03. The company has a market capitalization of $2.72 billion, a price-to-earnings ratio of 33.85 and a beta of 1.24.

About First Trust Cloud Computing ETF

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.