Migdal Insurance & Financial Holdings Ltd. Has $2.01 Million Position in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 50.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,875 shares of the company’s stock after purchasing an additional 7,640 shares during the quarter. Migdal Insurance & Financial Holdings Ltd. owned 0.07% of First Trust Cloud Computing ETF worth $2,008,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. NewEdge Wealth LLC bought a new stake in First Trust Cloud Computing ETF during the 4th quarter worth $228,000. Meitav Investment House Ltd. grew its holdings in shares of First Trust Cloud Computing ETF by 31.1% during the fourth quarter. Meitav Investment House Ltd. now owns 39,607 shares of the company’s stock worth $3,484,000 after purchasing an additional 9,398 shares during the last quarter. Blue Bell Private Wealth Management LLC increased its stake in shares of First Trust Cloud Computing ETF by 37.7% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 720 shares of the company’s stock valued at $63,000 after buying an additional 197 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in First Trust Cloud Computing ETF in the 4th quarter valued at approximately $5,468,000. Finally, Prime Capital Investment Advisors LLC bought a new position in First Trust Cloud Computing ETF during the 4th quarter worth $214,000.

First Trust Cloud Computing ETF Price Performance

Shares of SKYY stock opened at $90.76 on Thursday. The stock has a market capitalization of $2.95 billion, a PE ratio of 20.90 and a beta of 1.06. The business’s 50 day simple moving average is $94.55 and its 200 day simple moving average is $86.65. First Trust Cloud Computing ETF has a one year low of $60.65 and a one year high of $97.78.

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.