Assetmark Inc. Purchases 5,024 Shares of First Trust Cloud Computing ETF $SKYY

Assetmark Inc. grew its position in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 23.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,344 shares of the company’s stock after purchasing an additional 5,024 shares during the period. Assetmark Inc. owned approximately 0.12% of First Trust Cloud Computing ETF worth $3,427,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Marshall Wace LLP acquired a new position in First Trust Cloud Computing ETF during the 2nd quarter worth approximately $3,175,000. Brown Advisory Inc. acquired a new stake in shares of First Trust Cloud Computing ETF in the second quarter valued at approximately $337,000. NewEdge Advisors LLC lifted its position in shares of First Trust Cloud Computing ETF by 17.9% in the second quarter. NewEdge Advisors LLC now owns 30,644 shares of the company’s stock worth $3,727,000 after purchasing an additional 4,652 shares in the last quarter. Quantinno Capital Management LP bought a new stake in shares of First Trust Cloud Computing ETF in the second quarter worth $597,000. Finally, Ameriprise Financial Inc. lifted its position in shares of First Trust Cloud Computing ETF by 7.8% in the second quarter. Ameriprise Financial Inc. now owns 164,762 shares of the company’s stock worth $20,041,000 after purchasing an additional 11,987 shares in the last quarter.

First Trust Cloud Computing ETF Stock Performance

Shares of SKYY opened at $117.17 on Monday. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of 33.85 and a beta of 1.21. First Trust Cloud Computing ETF has a 12 month low of $91.12 and a 12 month high of $143.74. The firm has a fifty day simple moving average of $111.54 and a 200 day simple moving average of $123.88.

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.