WealthCare Investment Partners LLC Purchases New Stake in First Trust Cloud Computing ETF (NASDAQ:SKYY)

WealthCare Investment Partners LLC purchased a new stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,693 shares of the company’s stock, valued at approximately $203,000.

Other large investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. raised its stake in First Trust Cloud Computing ETF by 77.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 284 shares of the company’s stock valued at $34,000 after acquiring an additional 124 shares during the period. Morse Asset Management Inc bought a new position in First Trust Cloud Computing ETF during the 3rd quarter worth $40,000. Hemington Wealth Management increased its position 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 buying an additional 107 shares during the period. Values First Advisors Inc. bought a new position in First Trust Cloud Computing ETF during the 3rd quarter worth $49,000. Finally, Kestra Investment Management LLC bought a new position in First Trust Cloud Computing ETF during the 4th quarter worth $58,000.

First Trust Cloud Computing ETF Price Performance

SKYY stock opened at $128.87 on Thursday. The stock has a market capitalization of $3.96 billion, a price-to-earnings ratio of 33.21 and a beta of 1.06. The business’s fifty day moving average price is $124.76 and its two-hundred day moving average price is $112.53. First Trust Cloud Computing ETF has a fifty-two week low of $83.45 and a fifty-two week high of $131.54.

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.