RDA Financial Network Acquires New Stake in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Posted by Latisha Jones on Jan 18th, 2025

RDA Financial Network acquired a new position in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,735 shares of the company’s stock, valued at approximately $207,000.

Other large investors also recently bought and sold shares of the company. Morse Asset Management Inc acquired a new position in shares of First Trust Cloud Computing ETF during the third quarter worth about $40,000. Values First Advisors Inc. purchased a new stake in First Trust Cloud Computing ETF in the 3rd quarter valued at approximately $49,000. Anchor Investment Management LLC increased its position in First Trust Cloud Computing ETF by 53.4% during the 2nd quarter. Anchor Investment Management LLC now owns 675 shares of the company’s stock worth $64,000 after purchasing an additional 235 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of First Trust Cloud Computing ETF during the 3rd quarter worth approximately $65,000. Finally, GAMMA Investing LLC raised its stake in shares of First Trust Cloud Computing ETF by 37.2% during the 3rd quarter. GAMMA Investing LLC now owns 738 shares of the company’s stock worth $75,000 after buying an additional 200 shares in the last quarter.

First Trust Cloud Computing ETF Price Performance

First Trust Cloud Computing ETF stock opened at $122.22 on Friday. The stock’s 50 day moving average price is $122.01 and its 200 day moving average price is $107.09. 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 market cap of $3.74 billion, a PE ratio of 33.21 and a beta of 1.06.

About First Trust Cloud Computing ETF

(Free Report)

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.