Gateway Wealth Partners LLC Increases Stock Holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Gateway Wealth Partners LLC increased its holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 1.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,335 shares of the company’s stock after acquiring an additional 250 shares during the quarter. Gateway Wealth Partners LLC’s holdings in First Trust Cloud Computing ETF were worth $1,708,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Morse Asset Management Inc purchased a new stake in First Trust Cloud Computing ETF in the third quarter worth $40,000. Values First Advisors Inc. purchased a new stake in First Trust Cloud Computing ETF in the third quarter worth $49,000. 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 worth $64,000 after acquiring an additional 235 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in First Trust Cloud Computing ETF in the third quarter worth $65,000. Finally, GAMMA Investing LLC lifted its stake in First Trust Cloud Computing ETF by 37.2% in the third quarter. GAMMA Investing LLC now owns 738 shares of the company’s stock worth $75,000 after acquiring an additional 200 shares during the period.

First Trust Cloud Computing ETF Trading Up 3.8 %

SKYY opened at $128.41 on Wednesday. The stock has a fifty day simple moving average of $123.10 and a two-hundred day simple moving average of $108.68. The company has a market cap of $3.88 billion, a price-to-earnings ratio of 33.21 and a beta of 1.06. First Trust Cloud Computing ETF has a 12-month low of $83.45 and a 12-month high of $131.13.

First Trust Cloud Computing ETF Company 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.