FSM Wealth Advisors LLC Invests $205,000 in First Trust Cloud Computing ETF $SKYY

FSM Wealth Advisors LLC acquired a new stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,675 shares of the company’s stock, valued at approximately $205,000.

A number of other hedge funds have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in First Trust Cloud Computing ETF by 69.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 481 shares of the company’s stock worth $50,000 after purchasing an additional 197 shares during the last quarter. Robertson Stephens Wealth Management LLC raised its holdings in shares of First Trust Cloud Computing ETF by 11.6% during the 2nd quarter. Robertson Stephens Wealth Management LLC now owns 2,359 shares of the company’s stock worth $287,000 after buying an additional 246 shares in the last quarter. Endowment Wealth Management Inc. lifted its position in shares of First Trust Cloud Computing ETF by 25.6% during the 2nd quarter. Endowment Wealth Management Inc. now owns 5,180 shares of the company’s stock worth $630,000 after buying an additional 1,057 shares during the last quarter. Blair William & Co. IL boosted its stake in First Trust Cloud Computing ETF by 4.7% in the second quarter. Blair William & Co. IL now owns 2,145 shares of the company’s stock valued at $261,000 after buying an additional 97 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC boosted its stake in First Trust Cloud Computing ETF by 7.6% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,292 shares of the company’s stock valued at $337,000 after buying an additional 233 shares in the last quarter.

First Trust Cloud Computing ETF Stock Up 1.3%

First Trust Cloud Computing ETF stock opened at $138.50 on Friday. The stock has a market cap of $3.34 billion, a PE ratio of 33.85 and a beta of 1.06. First Trust Cloud Computing ETF has a 12-month low of $85.38 and a 12-month high of $139.50. The business’s 50-day moving average price is $131.85 and its two-hundred day moving average price is $120.34.

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.