Bright Futures Wealth Management LLC. Makes New Investment in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Bright Futures Wealth Management LLC. purchased a new position in First Trust Cloud Computing ETF (NASDAQ:SKYY) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,200 shares of the company’s stock, valued at approximately $209,000.

Several other institutional investors have also modified their holdings of the business. EdgeRock Capital LLC acquired a new position in First Trust Cloud Computing ETF in the fourth quarter valued at $33,000. PFS Partners LLC acquired a new position in First Trust Cloud Computing ETF in the first quarter valued at $43,000. VitalStone Financial LLC boosted its stake in First Trust Cloud Computing ETF by 44.4% in the first quarter. VitalStone Financial LLC now owns 465 shares of the company’s stock valued at $44,000 after acquiring an additional 143 shares in the last quarter. GAMMA Investing LLC acquired a new position in First Trust Cloud Computing ETF in the fourth quarter valued at $45,000. Finally, Future Financial Wealth Managment LLC acquired a new position in First Trust Cloud Computing ETF in the first quarter valued at $48,000.

First Trust Cloud Computing ETF Stock Performance

NASDAQ SKYY traded down $2.80 during trading hours on Friday, hitting $89.45. The company had a trading volume of 183,537 shares, compared to its average volume of 157,917. The business has a 50 day moving average of $93.61 and a 200-day moving average of $93.56. First Trust Cloud Computing ETF has a 1-year low of $70.42 and a 1-year high of $97.78. The company has a market cap of $2.75 billion, a PE 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.