APS Management Group Inc. Acquires Shares of 4,927 First Trust Cloud Computing ETF $SKYY

APS Management Group Inc. bought a new position in First Trust Cloud Computing ETF (NASDAQ:SKYY) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,927 shares of the company’s stock, valued at approximately $663,000.

A number of other hedge funds have also made changes to their positions in SKYY. JFS Wealth Advisors LLC boosted its position in First Trust Cloud Computing ETF by 114.3% in the second quarter. JFS Wealth Advisors LLC now owns 375 shares of the company’s stock valued at $46,000 after buying an additional 200 shares in the last quarter. Advisors Preferred LLC bought a new position in First Trust Cloud Computing ETF in the 2nd quarter valued at $47,000. Thurston Springer Miller Herd & Titak Inc. raised its position in First Trust Cloud Computing ETF by 73.0% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 614 shares of the company’s stock valued at $75,000 after purchasing an additional 259 shares during the last quarter. Huntington National Bank boosted its stake in First Trust Cloud Computing ETF by 190.9% in the second quarter. Huntington National Bank now owns 800 shares of the company’s stock worth $97,000 after purchasing an additional 525 shares in the last quarter. Finally, J.Safra Asset Management Corp bought a new stake in shares of First Trust Cloud Computing ETF during the second quarter worth $150,000.

First Trust Cloud Computing ETF Stock Up 1.4%

Shares of NASDAQ SKYY opened at $130.41 on Wednesday. The company has a market cap of $3.00 billion, a price-to-earnings ratio of 33.85 and a beta of 1.24. The firm’s 50-day simple moving average is $132.23 and its 200 day simple moving average is $129.18. First Trust Cloud Computing ETF has a 12-month low of $85.38 and a 12-month high of $143.74.

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.