First Trust Cloud Computing ETF (SKYY)
| Assets | $3.50B |
| Expense Ratio | 0.60% |
| PE Ratio | 34.70 |
| Shares Out | 28.80M |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Ex-Dividend Date | n/a |
| Payout Frequency | n/a |
| Payout Ratio | n/a |
| Volume | 67,945 |
| Open | 121.61 |
| Previous Close | 120.78 |
| Day's Range | 121.61 - 123.70 |
| 52-Week Low | 83.45 |
| 52-Week High | 131.54 |
| Beta | 1.22 |
| Holdings | 64 |
| Inception Date | Jul 5, 2011 |
About SKYY
Fund Home PageThe 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 issued by First Trust.
Top 10 Holdings
40.20% of assets| Name | Symbol | Weight |
|---|---|---|
| Oracle Corporation | ORCL | 5.10% |
| Arista Networks Inc | ANET | 4.40% |
| International Business Machines Corporation | IBM | 4.34% |
| Amazon.com, Inc. | AMZN | 4.15% |
| Microsoft Corporation | MSFT | 4.12% |
| Pure Storage, Inc. | PSTG | 3.98% |
| Alphabet Inc. | GOOGL | 3.95% |
| Nutanix, Inc. | NTNX | 3.78% |
| MongoDB, Inc. | MDB | 3.51% |
| Cloudflare, Inc. | NET | 2.87% |
Performance
SKYY had a total return of 27.44% in the past year, including dividends. Since the fund's inception, the average annual return has been 14.07%.
News
SKYY: The Best ETF For The Cloud Expansion
Cloud computing is rapidly expanding, with only 30% of workloads migrated and a projected 22% CAGR through 2030, making the sector highly attractive. I favor SKYY ETF for long-term investors due to it...
SKYY: Cloud Computing Isn't Going Away
SKYY has better performance and higher standard deviation than its competitors, but in my view, a well-balanced allocation of holdings. Pessimism prevails as the SKYY ETF plunges nearly 20% from its h...
SKYY: Hard To Ignore, But Overvalued
First Trust Cloud Computing ETF offers exposure to cloud computing, with significant gains but high valuation metrics and volatility, leading to a "hold" rating. SKYY's portfolio includes major player...
SKYY: Back Down To Earth We Come, Unlikely To Buck Tech Weakness
The cloud computing industry saw a dip in late 2021 to early 2023, but stocks and ETFs recovered well. But now, the risk is too high for me. SKYY ETF invests in companies involved in cloud computing, ...
Equity CEFs/ETFs: Top Picks For 2024 - Part II
In Part I of my Top Picks For 2024, I explained why we saw such extreme valuation losses in most equity CEFs in 2023 and what that could-mean for 2024. In my opinion, liquidity was the over-riding fac...
SKYY: Hey, You, Get Off Of My Cloud (Computing)
The technology sector continues to see strong demand across various sub-sector niches, including semiconductors, software, high-speed networking, and data centers. Cloud computing is still a relativel...
SKYY: Cloud Computing Stocks Are Likely Modestly Overvalued
First Trust Cloud Computing ETF is a likely overvalued exchange-traded fund in the cloud computing industry. SKYY's portfolio consists of predominantly U.S.-listed companies involved in infrastructure...
Investors look to software companies over semiconductors, here's why
CNBC's Deirdre Bosa reports on the setup for technology stocks in September.
SKYY: Cloud Computing Stocks Are Too Volatile To Own
First Trust Cloud Computing ETF invests in cloud computing companies. The fund is not overvalued on the basis of its underlying earnings capacity.
Slowdown In Cloud Stocks On Thin Ice Following Q1 Guides
Cloud will see belt-tightening in 2023, and investors will have to gamble on the timing for when this turns around. Cloud is insulated from trade wars and overseas manufacturing issues. It reduces cos...
First Trust Cloud Computing ETF: Yes And No
Cloud computing stocks held by First Trust Cloud Computing ETF look oversold on the charts. Although valuations remain pricey.
Why This Cloud Slowdown Is Temporary And Why This Presents An Opportunity
Fortune 500 decision makers expect a dramatic slowdown in IT spend. Interestingly, cloud spending is expected to fare worse than the average IT spending.
SKYY: Lofty Valuation Is A Risk Amid Cloud Slowdown
SKYY is a thematic fund offering exposure to the IaaS, PaaS, and SaaS players, with an equity portfolio comprising 66 holdings in the current iteration. Calamitous 2022 has erased its alpha, welcoming...
Cloud stocks face double-digit losses
CNBC's Frank Holland joins 'TechCheck' to discuss cloud stocks crashing after the Fed's remarks, increased spending in cloud and what cloud companies could be hurt most from the stock downturn.
Macro trend highlights businesses transitioning to cloud-based infrastructure
CNBC's Frank Holland joins 'TechCheck' to discuss the trend of businesses upgrading to cloud, cloud ETFs dipping near session lows, and the growth potential of cloud providers.
Why It's The Best Time To Invest In Software In Years
The article lays out an argument to invest in software stocks against a top-down view and historical context. With deteriorating macro factors (inflation, interest rates, and geopolitics), the sector ...
SKYY: Long-Term Prospects Remain Unchanged
While the long-term picture is still intact for cloud stocks, I believe the current macro environment has reshuffled some of the priorities for many investors. Rising rates coupled with the risk of a ...
SKYY: Betting On The Future Of Cloud Computing
The global cloud computing market is expected to grow at a CAGR of 16.3% until 2026, which is much higher than the forecasted US GDP growth rate over this period. SKYY is a great tool to get exposure ...
First Trust Cloud Computing ETF (SKYY) hits all-time highs
First Trust Cloud Computing ETF (SKYY) hit record highs in Tuesday's trading session. Kristina Partsinevelos joins 'Power Lunch' to discuss which companies inside the ETF are performing the best and w...
SKYY: A Space Odyssey
I had assigned a bullish rating to the First Trust Cloud Computing ETF in August 2020 when it was hovering around $78. The ETF has appreciated 35% since then.
First Trust Cloud Competing Group ETF up 35% from a year ago
CNBC's Mike Santoli takes a look at the First Trust Cloud Comp ETF and highlights business software company SAP's stock.
The SKYY Cloud-Computing ETF Has Rotated Away From The Bigger Companies
The recent market rotation out of tech and into value has reduced the valuation level of many cloud computing-related companies. That being the case, investors should consider rotating some capital ba...