First Trust Cloud Computing ETF vs Tencent Music Entertainment Group - ADR — how do they compare? First Trust Cloud Computing ETF trades at $135.77, while Tencent Music Entertainment Group - ADR trades at $9.16 (market cap $15.08B). The key difference: Tencent Music Entertainment Group - ADR pays a 2.62% dividend while First Trust Cloud Computing ETF pays none, and First Trust Cloud Computing ETF is trading nearer its 52-week high, Tencent Music Entertainment Group - ADR nearer its low. Which is the better fit depends on your goals.
| SKYY | TME | |
|---|---|---|
52-Week High | $155.17 | $26.36 |
52-Week Low | $104.16 | $8.16 |
Market Cap | — | $15.08B |
Sector | — | Media |
Enterprise Value | — | $11.85B |
Dividend Yield | — | 2.62% |
Trailing returns across standard periods
The fund will normally invest at least 90% of its net assets (including investment borrowings) in the common stocks and depositary receipts that comprise the index. The index is designed to track the performance of companies involved in the cloud computing industry.
Read more on SKYY →TME is the largest online music service provider in China. It was founded in 2016 with the business combination of QQ Music (founded in 2005), Kuwo Music (founded in 2005) and Kugou Music (founded in 2004) streaming platforms. Tencent is the largest shareholder of TME with over 50% shares and over 90% voting rights held. TME also provides social entertainment services, including music live audio/video broadcasts and online concert services through the three platforms mentioned above, and online karaoke through an independent platform WeSing.
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