Endowment Wealth Management Inc. Grows Stock Holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY)

by · The Cerbat Gem

Endowment Wealth Management Inc. increased its position in First Trust Cloud Computing ETF (NASDAQ:SKYY – Free Report) by 38.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 4,123 shares of the company’s stock after buying an additional 1,137 shares during the period. Endowment Wealth Management Inc.’s holdings in First Trust Cloud Computing ETF were worth $421,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Mascagni Wealth Management Inc. purchased a new position in shares of First Trust Cloud Computing ETF in the fourth quarter valued at about $30,000. Farther Finance Advisors LLC raised its stake in First Trust Cloud Computing ETF by 615.4% during the 1st quarter. Farther Finance Advisors LLC now owns 279 shares of the company’s stock valued at $29,000 after purchasing an additional 240 shares during the period. Huntington National Bank lifted its holdings in First Trust Cloud Computing ETF by 594.4% in the 4th quarter. Huntington National Bank now owns 375 shares of the company’s stock worth $45,000 after purchasing an additional 321 shares in the last quarter. Sound Income Strategies LLC lifted its holdings in First Trust Cloud Computing ETF by 1,215.2% in the 1st quarter. Sound Income Strategies LLC now owns 434 shares of the company’s stock worth $44,000 after purchasing an additional 401 shares in the last quarter. Finally, Park Square Financial Group LLC bought a new position in First Trust Cloud Computing ETF in the 4th quarter worth approximately $53,000.

First Trust Cloud Computing ETF Price Performance

Shares of SKYY opened at $120.36 on Wednesday. First Trust Cloud Computing ETF has a 1 year low of $85.38 and a 1 year high of $131.54. The company has a 50 day simple moving average of $119.83 and a two-hundred day simple moving average of $114.83. The firm has a market cap of $3.45 billion, a P/E ratio of 33.85 and a beta of 1.06.

First Trust Cloud Computing ETF Profile

(Free Report)

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.

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