Simplicity Wealth LLC Has $571,000 Stock Holdings in First Trust Cloud Computing ETF $SKYY

Simplicity Wealth LLC boosted its stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 221.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,219 shares of the company’s stock after buying an additional 3,596 shares during the quarter. Simplicity Wealth LLC’s holdings in First Trust Cloud Computing ETF were worth $571,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Parallel Advisors LLC grew its holdings in shares of First Trust Cloud Computing ETF by 97.0% during the 3rd quarter. Parallel Advisors LLC now owns 197 shares of the company’s stock valued at $26,000 after acquiring an additional 97 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new stake in shares of First Trust Cloud Computing ETF during the fourth quarter worth $30,000. Franklin Resources Inc. purchased a new stake in shares of First Trust Cloud Computing ETF during the fourth quarter worth $33,000. Russell Investments Group Ltd. boosted its position in First Trust Cloud Computing ETF by 177.9% during the fourth quarter. Russell Investments Group Ltd. now owns 289 shares of the company’s stock valued at $38,000 after purchasing an additional 185 shares during the last quarter. Finally, Capital Advisors Ltd. LLC acquired a new stake in First Trust Cloud Computing ETF during the first quarter valued at $35,000.

First Trust Cloud Computing ETF Price Performance

Shares of NASDAQ SKYY opened at $140.05 on Tuesday. First Trust Cloud Computing ETF has a one year low of $103.76 and a one year high of $155.76. The business’s 50-day moving average price is $134.60 and its two-hundred day moving average price is $123.30. The company has a market capitalization of $2.87 billion, a P/E ratio of 33.85 and a beta of 1.24.

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.