SteelPeak Wealth LLC Makes New Investment in First Trust Cloud Computing ETF (NASDAQ:SKYY)

SteelPeak Wealth LLC acquired a new stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 1,728 shares of the company’s stock, valued at approximately $206,000.

Other institutional investors have also made changes to their positions in the company. Morse Asset Management Inc bought a new position in First Trust Cloud Computing ETF in the third quarter valued at approximately $40,000. Values First Advisors Inc. bought a new position in shares of First Trust Cloud Computing ETF in the third quarter valued at $49,000. Wilmington Savings Fund Society FSB acquired a new position in First Trust Cloud Computing ETF during the third quarter worth $65,000. Anchor Investment Management LLC lifted its stake in First Trust Cloud Computing ETF by 53.4% in the second quarter. Anchor Investment Management LLC now owns 675 shares of the company’s stock valued at $64,000 after acquiring an additional 235 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of First Trust Cloud Computing ETF by 37.2% in the 3rd quarter. GAMMA Investing LLC now owns 738 shares of the company’s stock valued at $75,000 after acquiring an additional 200 shares during the period.

First Trust Cloud Computing ETF Stock Performance

Shares of SKYY stock opened at $128.33 on Friday. First Trust Cloud Computing ETF has a 52-week low of $83.45 and a 52-week high of $131.13. The stock has a market cap of $3.89 billion, a price-to-earnings ratio of 33.21 and a beta of 1.06. The firm’s 50-day moving average is $123.44 and its 200-day moving average is $108.95.

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.