Osaic Holdings Inc. Increases Stake in First Trust Cloud Computing ETF $SKYY

Osaic Holdings Inc. raised its stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 12.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 126,885 shares of the company’s stock after purchasing an additional 14,251 shares during the quarter. Osaic Holdings Inc. owned 0.44% of First Trust Cloud Computing ETF worth $15,415,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. HighTower Advisors LLC raised its holdings in First Trust Cloud Computing ETF by 10.4% during the 1st quarter. HighTower Advisors LLC now owns 41,601 shares of the company’s stock valued at $4,253,000 after buying an additional 3,914 shares during the last quarter. Raymond James Financial Inc. increased its position in shares of First Trust Cloud Computing ETF by 104.1% in the first quarter. Raymond James Financial Inc. now owns 550,382 shares of the company’s stock valued at $56,266,000 after acquiring an additional 280,749 shares during the period. Summit Financial LLC raised its stake in shares of First Trust Cloud Computing ETF by 204.0% during the first quarter. Summit Financial LLC now owns 16,667 shares of the company’s stock valued at $1,704,000 after acquiring an additional 11,185 shares during the last quarter. CW Advisors LLC purchased a new stake in shares of First Trust Cloud Computing ETF during the first quarter worth about $235,000. Finally, Compound Planning Inc. bought a new stake in shares of First Trust Cloud Computing ETF in the first quarter worth about $260,000.

First Trust Cloud Computing ETF Price Performance

SKYY opened at $129.82 on Friday. The business has a 50 day simple moving average of $133.41 and a two-hundred day simple moving average of $127.74. The firm has a market capitalization of $3.11 billion, a price-to-earnings ratio of 33.85 and a beta of 1.24. First Trust Cloud Computing ETF has a one year low of $85.38 and a one year high of $143.74.

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.