SKYY Cloud Computing ETF
Seeks to track, before fees and expenses, the ISE Cloud Computing Index. To be included in the Index, a security must be engaged in a business activity supporting or utilizing the cloud computing space, listed on an index-eligible global stock exchange and have a market capitalization of at least $100 million. All securities are then classified according to the following three business segments: 1) Pure Play Cloud Computing Companies: Companies that are direct service providers for “the cloud” (network hardware/software, storage, cloud computing services) or companies that deliver goods and services that utilize cloud computing technology. 2) Non Pure Play Cloud Computing Companies: Companies that focus outside the cloud computing space but provide goods and services in support of the cloud computing space. 3) Technology Conglomerate Cloud Computing Companies: Large broad-based companies that indirectly utilize or support the use of cloud computing technology. The overall weight for each of the three business segments is calculated as follows: 10% of the index weight is allocated to technology conglomerate companies. The index weight that is allocated to non pure play companies is calculated by dividing the non pure play companies’ market capitalization by the sum of the pure play, non pure play and technology conglomerate market capitalizations. The remainder of the index weight is allocated to pure play companies. Stocks are equally weighted within each of the three classifications.
$61.72 +0.33 (0.54%)
As of 03/15/2023 15:16:45 EST IEX book CBOE book
ETF Information
Sponsor: First Trust
Category1: US Equity
Category2: Single industry
Category3: Information technology
Morningstar category: Technology
Leverage factor: 1.00
Inception date: 07/06/2011
Index tracking method: Passive replication
Current yield: 0.22%
Historical average yield: 0.43%
Market cap: $2,707,164,130
Average volume: 346,079
Fees: 0.6000%
Index Information
ISE Cloud Computing Index
Index symbol: CPQ
Provider: NASDAQ OMX
Total return index symbol: CPQTR
Index weighting: Other
Index inception date: 12/31/2007
Backtesting data exists: No
Number of holdings: 30 (as of 11/28/2017)
Strategy: Equal weighting
Rebalanced: Semi-annually
Reconstituted: Semi-annually