TAP Consulting LLC Raises Stake in First Trust Cloud Computing ETF (NASDAQ:SKYY)

TAP Consulting LLC boosted its holdings in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 39.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,780 shares of the company’s stock after buying an additional 5,351 shares during the quarter. TAP Consulting LLC’s holdings in First Trust Cloud Computing ETF were worth $2,237,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Exencial Wealth Advisors LLC raised its holdings in shares of First Trust Cloud Computing ETF by 1.5% during the fourth quarter. Exencial Wealth Advisors LLC now owns 5,411 shares of the company’s stock worth $645,000 after purchasing an additional 82 shares during the last quarter. Hemington Wealth Management raised its stake in shares of First Trust Cloud Computing ETF by 29.6% during the 4th quarter. Hemington Wealth Management now owns 469 shares of the company’s stock valued at $55,000 after buying an additional 107 shares during the last quarter. Captrust Financial Advisors lifted its holdings in shares of First Trust Cloud Computing ETF by 3.1% in the 3rd quarter. Captrust Financial Advisors now owns 3,869 shares of the company’s stock valued at $396,000 after buying an additional 116 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of First Trust Cloud Computing ETF by 77.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 284 shares of the company’s stock valued at $34,000 after buying an additional 124 shares during the period. Finally, Prosperity Financial Group Inc. boosted its stake in shares of First Trust Cloud Computing ETF by 0.6% in the fourth quarter. Prosperity Financial Group Inc. now owns 21,036 shares of the company’s stock worth $2,506,000 after buying an additional 129 shares during the last quarter.

First Trust Cloud Computing ETF Price Performance

NASDAQ:SKYY opened at $108.97 on Thursday. The company has a 50 day moving average price of $120.93 and a 200-day moving average price of $115.11. First Trust Cloud Computing ETF has a 1-year low of $83.45 and a 1-year high of $131.54. The firm has a market cap of $3.35 billion, a price-to-earnings ratio of 33.08 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.