Apollon Wealth Management LLC Has $1.38 Million Position in First Trust Cloud Computing ETF $SKYY

Apollon Wealth Management LLC reduced its position in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 1.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,334 shares of the company’s stock after selling 133 shares during the period. Apollon Wealth Management LLC’s holdings in First Trust Cloud Computing ETF were worth $1,379,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of SKYY. Farther Finance Advisors LLC boosted its position in shares of First Trust Cloud Computing ETF by 615.4% during the first quarter. Farther Finance Advisors LLC now owns 279 shares of the company’s stock worth $29,000 after buying an additional 240 shares during the period. Sound Income Strategies LLC boosted its position in shares of First Trust Cloud Computing ETF by 1,215.2% during the first quarter. Sound Income Strategies LLC now owns 434 shares of the company’s stock worth $44,000 after buying an additional 401 shares during the period. JFS Wealth Advisors LLC boosted its position in shares of First Trust Cloud Computing ETF by 114.3% during the second quarter. JFS Wealth Advisors LLC now owns 375 shares of the company’s stock worth $46,000 after buying an additional 200 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted 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 worth $50,000 after buying an additional 197 shares during the period. Finally, China Universal Asset Management Co. Ltd. acquired a new position in shares of First Trust Cloud Computing ETF during the first quarter worth about $66,000.

First Trust Cloud Computing ETF Stock Performance

Shares of NASDAQ SKYY opened at $134.94 on Tuesday. The stock has a 50 day moving average price of $129.29 and a 200 day moving average price of $118.28. First Trust Cloud Computing ETF has a 52 week low of $85.38 and a 52 week high of $138.82. The stock has a market capitalization of $3.25 billion, a PE ratio of 33.85 and a beta of 1.06.

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.