40,498 Shares in First Trust Cloud Computing ETF $SKYY Purchased by Risk Paradigm Group LLC

Risk Paradigm Group LLC bought a new position in First Trust Cloud Computing ETF (NASDAQ:SKYY) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 40,498 shares of the company’s stock, valued at approximately $5,449,000. First Trust Cloud Computing ETF comprises approximately 3.6% of Risk Paradigm Group LLC’s portfolio, making the stock its 5th largest position. Risk Paradigm Group LLC owned about 0.20% of First Trust Cloud Computing ETF at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Parallel Advisors LLC raised its position 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 period. Franklin Resources Inc. acquired a new position in First Trust Cloud Computing ETF during the 4th quarter valued at approximately $33,000. Russell Investments Group Ltd. boosted its position in First Trust Cloud Computing ETF by 177.9% during the 4th quarter. Russell Investments Group Ltd. now owns 289 shares of the company’s stock valued at $38,000 after purchasing an additional 185 shares during the period. Continuum Advisory LLC bought a new position in First Trust Cloud Computing ETF during the 2nd quarter worth $40,000. Finally, Capital Advisors Ltd. LLC bought a new position in First Trust Cloud Computing ETF during the 1st quarter worth $35,000.

First Trust Cloud Computing ETF Price Performance

Shares of NASDAQ SKYY opened at $165.14 on Monday. The firm has a market capitalization of $3.30 billion, a PE ratio of 33.85 and a beta of 1.24. First Trust Cloud Computing ETF has a 1-year low of $103.76 and a 1-year high of $169.05. The business’s fifty day moving average price is $145.23 and its two-hundred day moving average price is $129.37.

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.