TAP Consulting LLC Takes Position in First Trust Cloud Computing ETF (NASDAQ:SKYY)

TAP Consulting LLC acquired a new stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 13,429 shares of the company’s stock, valued at approximately $1,373,000.

Several other hedge funds have also recently bought and sold shares of SKYY. EdgeRock Capital LLC acquired a new position in First Trust Cloud Computing ETF during the 2nd quarter worth about $33,000. PFS Partners LLC acquired a new position in shares of First Trust Cloud Computing ETF in the first quarter worth $43,000. VitalStone Financial LLC increased its position in shares of First Trust Cloud Computing ETF by 44.4% during the first quarter. VitalStone Financial LLC now owns 465 shares of the company’s stock worth $44,000 after acquiring an additional 143 shares during the period. Future Financial Wealth Managment LLC acquired a new stake in shares of First Trust Cloud Computing ETF in the first quarter valued at $48,000. Finally, Blue Trust Inc. purchased a new position in First Trust Cloud Computing ETF in the second quarter valued at $48,000.

First Trust Cloud Computing ETF Trading Up 0.7 %

SKYY traded up $0.79 on Friday, hitting $106.55. 49,186 shares of the company were exchanged, compared to its average volume of 149,961. The firm has a 50-day moving average price of $97.45 and a two-hundred day moving average price of $95.03. First Trust Cloud Computing ETF has a twelve month low of $70.42 and a twelve month high of $106.75. The company has a market cap of $3.09 billion, a price-to-earnings ratio of 33.21 and a beta of 1.06.

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.