Gateway Wealth Partners LLC Purchases 9,978 Shares of First Trust Cloud Computing ETF (NASDAQ:SKYY)

Gateway Wealth Partners LLC lifted its position in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 368.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,683 shares of the company’s stock after purchasing an additional 9,978 shares during the quarter. Gateway Wealth Partners LLC’s holdings in First Trust Cloud Computing ETF were worth $1,212,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. EdgeRock Capital LLC purchased a new position in First Trust Cloud Computing ETF during the second quarter valued at $33,000. PFS Partners LLC purchased a new position in First Trust Cloud Computing ETF during the first quarter valued at $43,000. VitalStone Financial LLC raised its stake in First Trust Cloud Computing ETF by 44.4% during the first quarter. VitalStone Financial LLC now owns 465 shares of the company’s stock valued at $44,000 after buying an additional 143 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new position in First Trust Cloud Computing ETF during the first quarter valued at $48,000. Finally, Blue Trust Inc. purchased a new position in First Trust Cloud Computing ETF during the second quarter valued at $48,000.

First Trust Cloud Computing ETF Trading Down 0.4 %

Shares of NASDAQ:SKYY opened at $102.08 on Monday. First Trust Cloud Computing ETF has a 12-month low of $70.42 and a 12-month high of $103.17. The stock has a fifty day simple moving average of $95.88 and a two-hundred day simple moving average of $94.58. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 33.21 and a beta of 1.06.

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.