Gateway Wealth Partners LLC Purchases 15,644 Shares of First Trust Cloud Computing ETF $SKYY

Gateway Wealth Partners LLC boosted its holdings in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 83.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,452 shares of the company’s stock after purchasing an additional 15,644 shares during the period. Gateway Wealth Partners LLC’s holdings in First Trust Cloud Computing ETF were worth $3,768,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Marshall Wace LLP acquired a new stake in First Trust Cloud Computing ETF in the second quarter valued at about $3,175,000. Brown Advisory Inc. bought a new position in shares of First Trust Cloud Computing ETF in the second quarter worth about $337,000. NewEdge Advisors LLC boosted its stake in shares of First Trust Cloud Computing ETF by 17.9% in the 2nd quarter. NewEdge Advisors LLC now owns 30,644 shares of the company’s stock valued at $3,727,000 after purchasing an additional 4,652 shares in the last quarter. Quantinno Capital Management LP acquired a new stake in shares of First Trust Cloud Computing ETF in the 2nd quarter valued at approximately $597,000. Finally, Ameriprise Financial Inc. grew its holdings in shares of First Trust Cloud Computing ETF by 7.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 164,762 shares of the company’s stock valued at $20,041,000 after purchasing an additional 11,987 shares during the last quarter.

First Trust Cloud Computing ETF Price Performance

SKYY stock opened at $135.84 on Tuesday. The company has a 50 day simple moving average of $135.96 and a 200 day simple moving average of $123.61. The stock has a market cap of $2.78 billion, a price-to-earnings ratio of 33.85 and a beta of 1.24. First Trust Cloud Computing ETF has a 1 year low of $103.76 and a 1 year high of $155.76.

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.