SPC Financial Inc. Takes $4.92 Million Position in First Trust Cloud Computing ETF (NASDAQ:SKYY)

SPC Financial Inc. 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 41,300 shares of the company’s stock, valued at approximately $4,920,000. SPC Financial Inc. owned 0.13% of First Trust Cloud Computing ETF at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of First Trust Cloud Computing ETF by 77.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 284 shares of the company’s stock valued at $34,000 after buying an additional 124 shares in the last quarter. Morse Asset Management Inc purchased a new stake in shares of First Trust Cloud Computing ETF in the third quarter valued at approximately $40,000. SRS Capital Advisors Inc. boosted its stake in shares of First Trust Cloud Computing ETF by 1,343.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 433 shares of the company’s stock valued at $52,000 after buying an additional 403 shares in the last quarter. Hemington Wealth Management boosted its stake in shares of First Trust Cloud Computing ETF by 29.6% in the fourth quarter. Hemington Wealth Management now owns 469 shares of the company’s stock valued at $55,000 after buying an additional 107 shares in the last quarter. Finally, Kestra Investment Management LLC purchased a new stake in shares of First Trust Cloud Computing ETF in the fourth quarter valued at approximately $58,000.

First Trust Cloud Computing ETF Price Performance

First Trust Cloud Computing ETF stock opened at $114.45 on Wednesday. First Trust Cloud Computing ETF has a 1-year low of $83.45 and a 1-year high of $131.54. The company has a market cap of $3.52 billion, a PE ratio of 32.02 and a beta of 1.06. The stock’s 50 day moving average price is $123.82 and its 200 day moving average price is $114.39.

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.