SPC Financial Inc. Makes New Investment in First Trust Cloud Computing ETF (NASDAQ:SKYY)

SPC Financial Inc. bought a new position in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 41,300 shares of the company’s stock, valued at approximately $4,920,000.

Other institutional investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. lifted its position 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 acquiring an additional 124 shares in the last quarter. Morse Asset Management Inc acquired a new position in First Trust Cloud Computing ETF in the third quarter valued at $40,000. SRS Capital Advisors Inc. increased its stake in 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 purchasing an additional 403 shares during the last quarter. Hemington Wealth Management increased its stake in 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 purchasing an additional 107 shares during the last quarter. Finally, Kestra Investment Management LLC acquired a new position in First Trust Cloud Computing ETF in the fourth quarter valued at $58,000.

First Trust Cloud Computing ETF Trading Down 0.2 %

First Trust Cloud Computing ETF stock opened at $114.45 on Wednesday. The firm has a market capitalization of $3.52 billion, a P/E ratio of 32.02 and a beta of 1.06. The stock has a fifty day moving average price of $123.82 and a 200 day moving average price of $114.39. First Trust Cloud Computing ETF has a 52 week low of $83.45 and a 52 week high of $131.54.

About First Trust Cloud Computing ETF

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.