Gateway Wealth Partners LLC decreased its holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY – Free Report) by 56.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,875 shares of the company’s stock after selling 19,577 shares during the quarter. Gateway Wealth Partners LLC owned approximately 0.07% of First Trust Cloud Computing ETF worth $2,002,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Parallel Advisors LLC increased its holdings in First Trust Cloud Computing ETF by 97.0% during the 3rd quarter. Parallel Advisors LLC now owns 197 shares of the company’s stock worth $26,000 after purchasing an additional 97 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new position in shares of First Trust Cloud Computing ETF in the 4th quarter valued at approximately $30,000. Franklin Resources Inc. purchased a new position in shares of First Trust Cloud Computing ETF during the 4th quarter valued at approximately $33,000. Russell Investments Group Ltd. boosted its stake in shares of First Trust Cloud Computing ETF by 177.9% during the 4th quarter. Russell Investments Group Ltd. now owns 289 shares of the company’s stock valued at $38,000 after buying an additional 185 shares during the last quarter. Finally, Capital Advisors Ltd. LLC acquired a new stake in shares of First Trust Cloud Computing ETF during the first quarter worth approximately $35,000.
First Trust Cloud Computing ETF Trading Down 2.1%
Shares of NASDAQ:SKYY opened at $165.34 on Friday. The company has a fifty day simple moving average of $139.84 and a 200 day simple moving average of $126.28. The firm has a market cap of $3.31 billion, a PE ratio of 33.85 and a beta of 1.24. First Trust Cloud Computing ETF has a 12-month low of $103.76 and a 12-month high of $169.05.
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.
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