SP Asset Management LLC Purchases New Shares in First Trust Cloud Computing ETF (NASDAQ:SKYY)

SP Asset Management LLC purchased a new stake in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 22,257 shares of the company’s stock, valued at approximately $2,651,000. SP Asset Management LLC owned 0.07% of First Trust Cloud Computing ETF as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wealthcare Advisory Partners LLC lifted its stake in shares of First Trust Cloud Computing ETF by 29.1% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 3,984 shares of the company’s stock worth $475,000 after buying an additional 899 shares in the last quarter. JPMorgan Chase & Co. raised its stake in First Trust Cloud Computing ETF by 4.0% during the third quarter. JPMorgan Chase & Co. now owns 147,336 shares of the company’s stock worth $15,067,000 after purchasing an additional 5,620 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in First Trust Cloud Computing ETF by 77.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 284 shares of the company’s stock worth $34,000 after purchasing an additional 124 shares during the period. US Bancorp DE raised its stake in First Trust Cloud Computing ETF by 8.2% during the third quarter. US Bancorp DE now owns 6,220 shares of the company’s stock worth $636,000 after purchasing an additional 472 shares during the period. Finally, Truist Financial Corp raised its stake in First Trust Cloud Computing ETF by 1.8% during the fourth quarter. Truist Financial Corp now owns 19,351 shares of the company’s stock worth $2,305,000 after purchasing an additional 335 shares during the period.

First Trust Cloud Computing ETF Price Performance

Shares of SKYY stock opened at $116.45 on Thursday. First Trust Cloud Computing ETF has a 12 month low of $83.45 and a 12 month high of $131.54. The company has a market capitalization of $3.58 billion, a PE ratio of 32.02 and a beta of 1.06. The firm’s 50-day moving average is $123.68 and its two-hundred day moving average is $114.41.

First Trust Cloud Computing ETF Profile

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.