Beacon Financial Advisory LLC Has $431,000 Position in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Beacon Financial Advisory LLC boosted its holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 11.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,211 shares of the company’s stock after purchasing an additional 440 shares during the period. Beacon Financial Advisory LLC’s holdings in First Trust Cloud Computing ETF were worth $431,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of SKYY. EdgeRock Capital LLC acquired a new position in shares of First Trust Cloud Computing ETF in the second quarter valued at $33,000. VitalStone Financial LLC raised its position in shares of First Trust Cloud Computing ETF by 44.4% in the 1st quarter. VitalStone Financial LLC now owns 465 shares of the company’s stock valued at $44,000 after buying an additional 143 shares in the last quarter. Blue Trust Inc. acquired a new position in First Trust Cloud Computing ETF during the second quarter valued at approximately $48,000. Values First Advisors Inc. bought a new stake in shares of First Trust Cloud Computing ETF during the 3rd quarter worth $49,000. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of First Trust Cloud Computing ETF in the 2nd quarter valued at approximately $54,000.

First Trust Cloud Computing ETF Price Performance

Shares of First Trust Cloud Computing ETF stock opened at $113.57 on Thursday. First Trust Cloud Computing ETF has a fifty-two week low of $75.21 and a fifty-two week high of $113.61. The firm has a market capitalization of $3.33 billion, a P/E ratio of 33.21 and a beta of 1.06. The company’s 50 day moving average price is $102.26 and its two-hundred day moving average price is $96.70.

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.