1,759 Shares in First Trust Cloud Computing ETF (NASDAQ:SKYY) Bought by Traction Financial Partners LLC

Traction Financial Partners LLC purchased a new position in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,759 shares of the company’s stock, valued at approximately $210,000.

Other large investors have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in First Trust Cloud Computing ETF by 77.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 284 shares of the company’s stock worth $34,000 after purchasing an additional 124 shares during the period. Morse Asset Management Inc acquired a new stake in First Trust Cloud Computing ETF during the 3rd quarter worth $40,000. Values First Advisors Inc. acquired a new stake in First Trust Cloud Computing ETF during the 3rd quarter worth $49,000. Hemington Wealth Management boosted its stake in First Trust Cloud Computing ETF by 29.6% during the 4th quarter. Hemington Wealth Management now owns 469 shares of the company’s stock worth $55,000 after purchasing an additional 107 shares during the period. Finally, Kestra Investment Management LLC acquired a new stake in First Trust Cloud Computing ETF during the 4th quarter worth $58,000.

First Trust Cloud Computing ETF Price Performance

Shares of NASDAQ:SKYY opened at $129.41 on Tuesday. The stock has a market cap of $3.98 billion, a P/E ratio of 33.21 and a beta of 1.06. The firm has a fifty day moving average price of $124.57 and a 200 day moving average price of $111.86. First Trust Cloud Computing ETF has a 1-year low of $83.45 and a 1-year high of $131.54.

About First Trust Cloud Computing ETF

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.