Chung Wu Investment Group LLC Buys New Position in First Trust Cloud Computing ETF $SKYY

Chung Wu Investment Group LLC acquired a new stake in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,930 shares of the company’s stock, valued at approximately $235,000.

Several other hedge funds have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. increased its position in shares of First Trust Cloud Computing ETF by 69.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 481 shares of the company’s stock valued at $50,000 after acquiring an additional 197 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of First Trust Cloud Computing ETF by 615.4% during the 1st quarter. Farther Finance Advisors LLC now owns 279 shares of the company’s stock worth $29,000 after purchasing an additional 240 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of First Trust Cloud Computing ETF by 15.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 56,108 shares of the company’s stock worth $5,736,000 after buying an additional 7,614 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC grew its position in First Trust Cloud Computing ETF by 7.6% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,292 shares of the company’s stock valued at $337,000 after buying an additional 233 shares during the period. Finally, Assetmark Inc. increased its holdings in First Trust Cloud Computing ETF by 12.6% during the first quarter. Assetmark Inc. now owns 23,779 shares of the company’s stock worth $2,431,000 after buying an additional 2,655 shares during the last quarter.

First Trust Cloud Computing ETF Stock Performance

Shares of SKYY stock opened at $135.06 on Monday. The firm has a market cap of $3.22 billion, a price-to-earnings ratio of 33.85 and a beta of 1.06. First Trust Cloud Computing ETF has a 52 week low of $85.38 and a 52 week high of $138.82. The firm’s 50-day simple moving average is $127.80 and its two-hundred day simple moving average is $117.14.

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.