Gateway Wealth Partners LLC reduced its position in First Trust Cloud Computing ETF (NASDAQ:SKYY – Free Report) by 56.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,875 shares of the company’s stock after selling 19,577 shares during the quarter. Gateway Wealth Partners LLC’s holdings in First Trust Cloud Computing ETF were worth $2,002,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of SKYY. SmartHarvest Portfolios LLC bought a new position in First Trust Cloud Computing ETF during the 2nd quarter worth approximately $217,000. LightSquare Wealth Management LLC acquired a new position in shares of First Trust Cloud Computing ETF in the 2nd quarter worth approximately $215,000. Regent Peak Wealth Advisors LLC bought a new stake in shares of First Trust Cloud Computing ETF in the 2nd quarter valued at approximately $206,000. Beacon Investment Advisory Services Inc. bought a new stake in shares of First Trust Cloud Computing ETF in the 2nd quarter valued at approximately $52,000. Finally, RDA Financial Network acquired a new stake in shares of First Trust Cloud Computing ETF during the 2nd quarter valued at approximately $244,000.
First Trust Cloud Computing ETF Trading Down 2.1%
SKYY stock opened at $165.34 on Friday. The stock’s 50 day simple moving average is $139.84 and its 200 day simple moving average is $126.28. First Trust Cloud Computing ETF has a 12-month low of $103.76 and a 12-month high of $169.05. The firm has a market cap of $3.31 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.
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