Black Point Wealth Management Reduces Stake in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Black Point Wealth Management reduced its stake in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 5.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,583 shares of the company’s stock after selling 191 shares during the quarter. First Trust Cloud Computing ETF comprises about 0.5% of Black Point Wealth Management’s investment portfolio, making the stock its 27th biggest position. Black Point Wealth Management’s holdings in First Trust Cloud Computing ETF were worth $427,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SKYY. Morse Asset Management Inc bought a new stake in shares of First Trust Cloud Computing ETF during the third quarter worth $40,000. Values First Advisors Inc. bought a new position in First Trust Cloud Computing ETF in the third quarter worth about $49,000. Anchor Investment Management LLC increased its position in shares of First Trust Cloud Computing ETF by 53.4% during the second quarter. Anchor Investment Management LLC now owns 675 shares of the company’s stock worth $64,000 after purchasing an additional 235 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in First Trust Cloud Computing ETF in the third quarter valued at about $65,000. Finally, GAMMA Investing LLC raised its position in shares of First Trust Cloud Computing ETF by 37.2% in the 3rd quarter. GAMMA Investing LLC now owns 738 shares of the company’s stock valued at $75,000 after purchasing an additional 200 shares during the last quarter.

First Trust Cloud Computing ETF Trading Up 0.3 %

Shares of First Trust Cloud Computing ETF stock opened at $126.75 on Friday. The firm’s 50 day simple moving average is $122.30 and its two-hundred day simple moving average is $107.74. The firm has a market capitalization of $3.82 billion, a price-to-earnings ratio of 33.21 and a beta of 1.06. First Trust Cloud Computing ETF has a 12-month low of $83.45 and a 12-month high of $131.13.

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.