Principal Securities Inc. Purchases 4,295 Shares of First Trust Cloud Computing ETF (NASDAQ:SKYY)

Principal Securities Inc. grew its position in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 92.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,926 shares of the company’s stock after purchasing an additional 4,295 shares during the period. Principal Securities Inc.’s holdings in First Trust Cloud Computing ETF were worth $1,063,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of First Trust Cloud Computing ETF by 77.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 284 shares of the company’s stock valued at $34,000 after acquiring an additional 124 shares during the last quarter. Morse Asset Management Inc bought a new stake in shares of First Trust Cloud Computing ETF in the 3rd quarter valued at about $40,000. Values First Advisors Inc. bought a new stake in shares of First Trust Cloud Computing ETF in the 3rd quarter valued at about $49,000. Hemington Wealth Management lifted its stake in shares of First Trust Cloud Computing ETF by 29.6% in the 4th quarter. Hemington Wealth Management now owns 469 shares of the company’s stock valued at $55,000 after acquiring an additional 107 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of First Trust Cloud Computing ETF in the 3rd quarter valued at about $65,000.

First Trust Cloud Computing ETF Trading Down 1.4 %

NASDAQ SKYY opened at $128.87 on Thursday. First Trust Cloud Computing ETF has a 1-year low of $83.45 and a 1-year high of $131.54. The stock has a 50-day moving average of $124.76 and a 200-day moving average of $112.53. The firm has a market cap of $3.96 billion, a PE ratio of 33.21 and a beta of 1.06.

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.