Gateway Wealth Partners LLC Purchases 250 Shares of First Trust Cloud Computing ETF (NASDAQ:SKYY)

Gateway Wealth Partners LLC boosted its position in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,335 shares of the company’s stock after purchasing an additional 250 shares during the quarter. Gateway Wealth Partners LLC’s holdings in First Trust Cloud Computing ETF were worth $1,708,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in SKYY. International Assets Investment Management LLC increased its holdings in shares of First Trust Cloud Computing ETF by 11,038.7% during the third quarter. International Assets Investment Management LLC now owns 412,243 shares of the company’s stock valued at $42,156,000 after acquiring an additional 408,542 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in First Trust Cloud Computing ETF by 86.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 177,430 shares of the company’s stock worth $18,144,000 after buying an additional 82,121 shares in the last quarter. Raymond James & Associates increased its holdings in First Trust Cloud Computing ETF by 9.2% in the 3rd quarter. Raymond James & Associates now owns 162,068 shares of the company’s stock worth $16,573,000 after buying an additional 13,689 shares in the last quarter. JPMorgan Chase & Co. raised its position in First Trust Cloud Computing ETF by 4.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 147,336 shares of the company’s stock worth $15,067,000 after buying an additional 5,620 shares during the last quarter. Finally, Private Advisor Group LLC raised its position in First Trust Cloud Computing ETF by 20.6% in the 3rd quarter. Private Advisor Group LLC now owns 120,366 shares of the company’s stock worth $12,309,000 after buying an additional 20,559 shares during the last quarter.

First Trust Cloud Computing ETF Stock Performance

Shares of NASDAQ:SKYY opened at $128.41 on Wednesday. First Trust Cloud Computing ETF has a fifty-two week low of $83.45 and a fifty-two week high of $131.13. The business has a 50-day simple moving average of $123.10 and a two-hundred day simple moving average of $108.68. The firm has a market cap of $3.88 billion, a price-to-earnings ratio of 33.21 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.