First Trust Cloud Computing ETF (NASDAQ:SKYY) Reaches New 52-Week High – Here’s What Happened

First Trust Cloud Computing ETF (NASDAQ:SKYY) reached a new 52-week high during trading on Tuesday . The company traded as high as $108.42 and last traded at $108.42, with a volume of 29991 shares changing hands. The stock had previously closed at $107.03.

First Trust Cloud Computing ETF Trading Up 1.6 %

The firm has a 50-day simple moving average of $101.67 and a 200-day simple moving average of $96.44. The firm has a market cap of $3.19 billion, a P/E ratio of 33.21 and a beta of 1.06.

Institutional Trading of First Trust Cloud Computing ETF

Institutional investors have recently modified their holdings of the company. EdgeRock Capital LLC purchased a new position in shares of First Trust Cloud Computing ETF during the 2nd quarter valued at about $33,000. VitalStone Financial LLC boosted its holdings in shares of First Trust Cloud Computing ETF by 44.4% during the 1st quarter. VitalStone Financial LLC now owns 465 shares of the company’s stock worth $44,000 after purchasing an additional 143 shares during the last quarter. Blue Trust Inc. purchased a new stake in shares of First Trust Cloud Computing ETF in the second quarter valued at approximately $48,000. Values First Advisors Inc. acquired a new position in First Trust Cloud Computing ETF during the third quarter worth $49,000. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of First Trust Cloud Computing ETF in the 2nd quarter worth $54,000.

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.