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

Gateway Wealth Partners LLC grew its holdings in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 83.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,452 shares of the company’s stock after purchasing an additional 15,644 shares during the period. Gateway Wealth Partners LLC owned about 0.17% of First Trust Cloud Computing ETF worth $3,768,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in SKYY. Northwestern Mutual Wealth Management Co. boosted its stake in shares of First Trust Cloud Computing ETF by 12,567.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,301,211 shares of the company’s stock valued at $429,422,000 after buying an additional 3,275,151 shares during the period. LPL Financial LLC grew its position in First Trust Cloud Computing ETF by 2.0% during the fourth quarter. LPL Financial LLC now owns 917,710 shares of the company’s stock worth $119,376,000 after buying an additional 17,690 shares in the last quarter. UBS Group AG increased its stake in First Trust Cloud Computing ETF by 2.1% during the 3rd quarter. UBS Group AG now owns 538,996 shares of the company’s stock worth $72,452,000 after acquiring an additional 11,236 shares during the period. Wells Fargo & Company MN increased its stake in First Trust Cloud Computing ETF by 16.4% during the 4th quarter. Wells Fargo & Company MN now owns 335,915 shares of the company’s stock worth $43,696,000 after acquiring an additional 47,229 shares during the period. Finally, Royal Bank of Canada raised its holdings in First Trust Cloud Computing ETF by 8.3% in the 4th quarter. Royal Bank of Canada now owns 188,407 shares of the company’s stock valued at $24,508,000 after acquiring an additional 14,457 shares in the last quarter.

First Trust Cloud Computing ETF Stock Performance

Shares of NASDAQ SKYY opened at $135.84 on Tuesday. First Trust Cloud Computing ETF has a 52 week low of $103.76 and a 52 week high of $155.76. The stock has a market capitalization of $2.78 billion, a P/E ratio of 33.85 and a beta of 1.24. The stock’s fifty day moving average is $135.96 and its 200 day moving average is $123.61.

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.