Simplicity Wealth LLC Purchases 11,089 Shares of First Trust Cloud Computing ETF $SKYY

Simplicity Wealth LLC lifted its position in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 170.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,581 shares of the company’s stock after purchasing an additional 11,089 shares during the quarter. Simplicity Wealth LLC’s holdings in First Trust Cloud Computing ETF were worth $2,883,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Private Wealth Partners LLC bought a new position in First Trust Cloud Computing ETF during the third quarter valued at approximately $205,000. Boyce & Associates Wealth Consulting Inc. increased its stake in First Trust Cloud Computing ETF by 11.7% in the 3rd quarter. Boyce & Associates Wealth Consulting Inc. now owns 2,566 shares of the company’s stock worth $421,000 after acquiring an additional 269 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its stake in First Trust Cloud Computing ETF by 985.6% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 31,482 shares of the company’s stock worth $5,163,000 after acquiring an additional 28,582 shares during the last quarter. GK Wealth Management LLC bought a new stake in First Trust Cloud Computing ETF in the 3rd quarter worth approximately $29,000. Finally, Polaris Financial Partners purchased a new stake in shares of First Trust Cloud Computing ETF during the 3rd quarter worth approximately $263,000.

First Trust Cloud Computing ETF Price Performance

Shares of SKYY opened at $167.36 on Monday. The stock has a market capitalization of $3.51 billion, a price-to-earnings ratio of 33.85 and a beta of 1.27. First Trust Cloud Computing ETF has a 1 year low of $103.76 and a 1 year high of $175.81. The business’s 50 day simple moving average is $164.10 and its 200-day simple moving average is $144.37.

About First Trust Cloud Computing ETF

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.