2,986 Shares in First Trust Cloud Computing ETF (NASDAQ:SKYY) Purchased by Endowment Wealth Management Inc.

Endowment Wealth Management Inc. acquired a new stake in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,986 shares of the company’s stock, valued at approximately $356,000.

Other hedge funds have also added to or reduced their stakes in the company. Wealthcare Advisory Partners LLC boosted its position in First Trust Cloud Computing ETF by 29.1% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 3,984 shares of the company’s stock worth $475,000 after purchasing an additional 899 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of First Trust Cloud Computing ETF by 4.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 147,336 shares of the company’s stock valued at $15,067,000 after buying an additional 5,620 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of First Trust Cloud Computing ETF by 77.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 284 shares of the company’s stock valued at $34,000 after acquiring an additional 124 shares during the period. US Bancorp DE raised its stake in First Trust Cloud Computing ETF by 8.2% during the 3rd quarter. US Bancorp DE now owns 6,220 shares of the company’s stock worth $636,000 after acquiring an additional 472 shares during the period. Finally, Truist Financial Corp boosted its stake in shares of First Trust Cloud Computing ETF by 1.8% in the fourth quarter. Truist Financial Corp now owns 19,351 shares of the company’s stock worth $2,305,000 after acquiring an additional 335 shares during the period.

First Trust Cloud Computing ETF Trading Down 5.0 %

Shares of SKYY opened at $104.76 on Tuesday. First Trust Cloud Computing ETF has a 12-month low of $83.45 and a 12-month high of $131.54. The company has a market capitalization of $3.22 billion, a PE ratio of 32.02 and a beta of 1.06. The business’s 50 day moving average is $122.88 and its 200 day moving average is $114.76.

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.