Topsail Wealth Management LLC Makes New $80,000 Investment in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Topsail Wealth Management LLC bought a new position in First Trust Cloud Computing ETF (NASDAQ:SKYY) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 668 shares of the company’s stock, valued at approximately $80,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. LFA Lugano Financial Advisors SA bought a new position in shares of First Trust Cloud Computing ETF during the 4th quarter worth approximately $32,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of First Trust Cloud Computing ETF by 77.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 284 shares of the company’s stock valued at $34,000 after acquiring an additional 124 shares in the last quarter. Morse Asset Management Inc purchased a new stake in shares of First Trust Cloud Computing ETF during the third quarter valued at approximately $40,000. Huntington National Bank lifted its holdings in First Trust Cloud Computing ETF by 594.4% during the fourth quarter. Huntington National Bank now owns 375 shares of the company’s stock worth $45,000 after acquiring an additional 321 shares during the period. Finally, SRS Capital Advisors Inc. boosted its position in First Trust Cloud Computing ETF by 1,343.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 433 shares of the company’s stock worth $52,000 after purchasing an additional 403 shares during the last quarter.

First Trust Cloud Computing ETF Price Performance

Shares of First Trust Cloud Computing ETF stock opened at $103.33 on Friday. The firm has a market cap of $3.06 billion, a PE ratio of 27.61 and a beta of 1.06. First Trust Cloud Computing ETF has a 1 year low of $83.45 and a 1 year high of $131.54. The stock has a fifty day moving average price of $105.56 and a 200-day moving average price of $114.95.

First Trust Cloud Computing ETF Company 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.