AlphaCore Capital LLC Buys Shares of 52,456 First Trust Cloud Computing ETF $SKYY

AlphaCore Capital LLC bought a new stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 52,456 shares of the company’s stock, valued at approximately $6,823,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SKYY. Northwestern Mutual Wealth Management Co. raised its holdings in First Trust Cloud Computing ETF by 12,567.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,301,211 shares of the company’s stock worth $429,422,000 after purchasing an additional 3,275,151 shares in the last quarter. UBS Group AG increased its holdings in First Trust Cloud Computing ETF by 2.1% in the third quarter. UBS Group AG now owns 538,996 shares of the company’s stock valued at $72,452,000 after buying an additional 11,236 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in First Trust Cloud Computing ETF by 7.8% in the second quarter. Ameriprise Financial Inc. now owns 164,762 shares of the company’s stock valued at $20,041,000 after buying an additional 11,987 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in First Trust Cloud Computing ETF by 61.1% in the third quarter. Envestnet Asset Management Inc. now owns 154,904 shares of the company’s stock valued at $20,822,000 after buying an additional 58,740 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in First Trust Cloud Computing ETF by 0.4% in the third quarter. JPMorgan Chase & Co. now owns 134,006 shares of the company’s stock valued at $18,013,000 after buying an additional 488 shares in the last quarter.

First Trust Cloud Computing ETF Price Performance

SKYY stock opened at $128.50 on Friday. The company’s 50 day simple moving average is $115.87 and its 200-day simple moving average is $122.51. The firm has a market capitalization of $2.65 billion, a PE ratio of 33.85 and a beta of 1.19. First Trust Cloud Computing ETF has a 12 month low of $103.76 and a 12 month high of $143.74.

First Trust Cloud Computing ETF 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.