Advisors Preferred LLC Makes New Investment in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Advisors Preferred LLC bought a new position in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,303 shares of the company’s stock, valued at approximately $156,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealthcare Advisory Partners LLC raised its stake in First Trust Cloud Computing ETF by 29.1% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 3,984 shares of the company’s stock worth $475,000 after acquiring an additional 899 shares during the period. JPMorgan Chase & Co. grew its holdings in First Trust Cloud Computing ETF by 4.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 147,336 shares of the company’s stock valued at $15,067,000 after buying an additional 5,620 shares in the last quarter. US Bancorp DE grew its holdings in First Trust Cloud Computing ETF by 8.2% during the 3rd quarter. US Bancorp DE now owns 6,220 shares of the company’s stock valued at $636,000 after buying an additional 472 shares in the last quarter. Creative Planning grew its holdings in First Trust Cloud Computing ETF by 8.0% during the 3rd quarter. Creative Planning now owns 11,929 shares of the company’s stock valued at $1,220,000 after buying an additional 885 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in First Trust Cloud Computing ETF during the 2nd quarter valued at approximately $209,000.

First Trust Cloud Computing ETF Price Performance

Shares of SKYY opened at $128.94 on Friday. First Trust Cloud Computing ETF has a 1 year low of $83.45 and a 1 year high of $131.13. The company has a 50 day simple moving average of $124.18 and a two-hundred day simple moving average of $110.35. The firm has a market cap of $3.96 billion, a P/E 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.