Benjamin Edwards Inc. Makes New $5.37 Million Investment in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Benjamin Edwards Inc. purchased a new position in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 52,491 shares of the company’s stock, valued at approximately $5,373,000.

A number of other hedge funds have also bought and sold shares of the company. EdgeRock Capital LLC bought a new position in First Trust Cloud Computing ETF during the 2nd quarter worth approximately $33,000. Values First Advisors Inc. bought a new stake in First Trust Cloud Computing ETF during the third quarter valued at $49,000. Blue Trust Inc. bought a new stake in First Trust Cloud Computing ETF during the second quarter valued at $48,000. Banque Cantonale Vaudoise acquired a new stake in shares of First Trust Cloud Computing ETF during the second quarter worth $54,000. Finally, Anchor Investment Management LLC lifted its position in shares of First Trust Cloud Computing ETF by 53.4% in the 2nd quarter. Anchor Investment Management LLC now owns 675 shares of the company’s stock worth $64,000 after buying an additional 235 shares during the last quarter.

First Trust Cloud Computing ETF Stock Up 0.6 %

Shares of NASDAQ:SKYY opened at $123.33 on Wednesday. The company has a market cap of $3.61 billion, a PE ratio of 33.21 and a beta of 1.06. First Trust Cloud Computing ETF has a fifty-two week low of $81.82 and a fifty-two week high of $125.33. The firm has a 50-day simple moving average of $110.68 and a 200 day simple moving average of $100.35.

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.