GAMMA Investing LLC Buys 74,708 Shares of First Trust Cloud Computing ETF (NASDAQ:SKYY)

GAMMA Investing LLC boosted its stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 10,123.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,446 shares of the company’s stock after acquiring an additional 74,708 shares during the quarter. GAMMA Investing LLC owned 0.25% of First Trust Cloud Computing ETF worth $7,713,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Exencial Wealth Advisors LLC raised its holdings in shares of First Trust Cloud Computing ETF by 1.5% in the 4th quarter. Exencial Wealth Advisors LLC now owns 5,411 shares of the company’s stock valued at $645,000 after purchasing an additional 82 shares during the period. Hemington Wealth Management raised its holdings in shares of First Trust Cloud Computing ETF by 29.6% in the 4th 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 period. Core Wealth Partners LLC raised its holdings in shares of First Trust Cloud Computing ETF by 4.5% in the 4th quarter. Core Wealth Partners LLC now owns 2,547 shares of the company’s stock valued at $303,000 after purchasing an additional 110 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of First Trust Cloud Computing ETF by 77.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 284 shares of the company’s stock valued at $34,000 after purchasing an additional 124 shares during the period. Finally, Prosperity Financial Group Inc. raised its holdings in shares of First Trust Cloud Computing ETF by 0.6% in the 4th quarter. Prosperity Financial Group Inc. now owns 21,036 shares of the company’s stock valued at $2,506,000 after purchasing an additional 129 shares during the period.

First Trust Cloud Computing ETF Stock Up 0.9%

First Trust Cloud Computing ETF stock opened at $119.04 on Monday. The stock has a market cap of $3.51 billion, a P/E ratio of 30.28 and a beta of 1.06. First Trust Cloud Computing ETF has a twelve month low of $83.45 and a twelve month high of $131.54. The company’s 50-day moving average price is $106.06 and its two-hundred day moving average price is $115.46.

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.