First Trust Cloud Computing ETF $SKYY Shares Bought by SPC Financial Inc.

SPC Financial Inc. lifted its holdings in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 10.7% in the third quarter, HoldingsChannel reports. The firm owned 51,711 shares of the company’s stock after acquiring an additional 4,978 shares during the period. SPC Financial Inc.’s holdings in First Trust Cloud Computing ETF were worth $6,951,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Robertson Stephens Wealth Management LLC increased its stake in First Trust Cloud Computing ETF by 11.6% in the second quarter. Robertson Stephens Wealth Management LLC now owns 2,359 shares of the company’s stock valued at $287,000 after purchasing an additional 246 shares during the last quarter. Ameritas Investment Partners Inc. grew its holdings in First Trust Cloud Computing ETF by 13.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,595 shares of the company’s stock valued at $924,000 after buying an additional 875 shares during the period. Endowment Wealth Management Inc. increased its stake in shares of First Trust Cloud Computing ETF by 25.6% during the 2nd quarter. Endowment Wealth Management Inc. now owns 5,180 shares of the company’s stock valued at $630,000 after acquiring an additional 1,057 shares during the last quarter. Blair William & Co. IL boosted its position in shares of First Trust Cloud Computing ETF by 4.7% in the second quarter. Blair William & Co. IL now owns 2,145 shares of the company’s stock worth $261,000 after acquiring an additional 97 shares during the last quarter. Finally, Concurrent Investment Advisors LLC purchased a new stake in First Trust Cloud Computing ETF in the second quarter valued at approximately $258,000.

First Trust Cloud Computing ETF Stock Up 4.3%

NASDAQ:SKYY opened at $112.67 on Friday. First Trust Cloud Computing ETF has a fifty-two week low of $85.38 and a fifty-two week high of $143.74. The company has a market cap of $2.50 billion, a P/E ratio of 33.85 and a beta of 1.24. The firm’s 50 day moving average is $127.37 and its two-hundred day moving average is $129.41.

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.