Merit Financial Group LLC Increases Stake in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Merit Financial Group LLC boosted its stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 13.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,261 shares of the company’s stock after purchasing an additional 510 shares during the period. Merit Financial Group LLC’s holdings in First Trust Cloud Computing ETF were worth $374,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of SKYY. VitalStone Financial LLC increased its stake in shares of First Trust Cloud Computing ETF by 144.8% during the third quarter. VitalStone Financial LLC now owns 350 shares of the company’s stock valued at $27,000 after buying an additional 207 shares during the period. Whittier Trust Co. purchased a new position in shares of First Trust Cloud Computing ETF during the third quarter valued at approximately $28,000. Anchor Investment Management LLC purchased a new position in shares of First Trust Cloud Computing ETF during the fourth quarter valued at approximately $40,000. GAMMA Investing LLC purchased a new position in shares of First Trust Cloud Computing ETF during the fourth quarter valued at approximately $45,000. Finally, Blue Bell Private Wealth Management LLC grew its stake in First Trust Cloud Computing ETF by 37.7% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 720 shares of the company’s stock worth $63,000 after purchasing an additional 197 shares during the period.

First Trust Cloud Computing ETF Stock Down 0.3 %

Shares of SKYY stock opened at $92.49 on Thursday. The stock has a market cap of $2.98 billion, a price-to-earnings ratio of 33.21 and a beta of 1.58. The business’s fifty day moving average is $94.02 and its 200 day moving average is $88.28. First Trust Cloud Computing ETF has a twelve month low of $62.59 and a twelve month high of $97.78.

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.