Assetmark Inc. Boosts Holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Assetmark Inc. increased its holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,124 shares of the company’s stock after buying an additional 175 shares during the quarter. Assetmark Inc.’s holdings in First Trust Cloud Computing ETF were worth $2,516,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in First Trust Cloud Computing ETF by 77.5% during the fourth 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 in the last quarter. Morse Asset Management Inc purchased a new position in First Trust Cloud Computing ETF during the third quarter valued at approximately $40,000. SRS Capital Advisors Inc. lifted its holdings in First Trust Cloud Computing ETF by 1,343.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 433 shares of the company’s stock valued at $52,000 after purchasing an additional 403 shares in the last quarter. Hemington Wealth Management lifted its holdings in First Trust Cloud Computing ETF by 29.6% during the fourth quarter. Hemington Wealth Management now owns 469 shares of the company’s stock valued at $55,000 after purchasing an additional 107 shares in the last quarter. Finally, Kestra Investment Management LLC purchased a new position in First Trust Cloud Computing ETF during the fourth quarter valued at approximately $58,000.

First Trust Cloud Computing ETF Price Performance

Shares of NASDAQ:SKYY opened at $110.29 on Monday. First Trust Cloud Computing ETF has a 1-year low of $83.45 and a 1-year high of $131.54. The company has a market capitalization of $3.39 billion, a P/E ratio of 32.02 and a beta of 1.06. The firm’s 50 day simple moving average is $123.19 and its two-hundred day simple moving average is $114.70.

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.