Pinnacle Wealth Management Advisory Group LLC Boosts Stock Position in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Pinnacle Wealth Management Advisory Group LLC lifted its holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 5.8% in the fourth quarter, HoldingsChannel reports. The firm owned 3,360 shares of the company’s stock after purchasing an additional 185 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC’s holdings in First Trust Cloud Computing ETF were worth $295,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of SKYY. VitalStone Financial LLC lifted its position in shares of First Trust Cloud Computing ETF by 144.8% during the third quarter. VitalStone Financial LLC now owns 350 shares of the company’s stock worth $27,000 after purchasing an additional 207 shares during the last quarter. Whittier Trust Co. bought a new stake in shares of First Trust Cloud Computing ETF in the third quarter valued at about $28,000. EdgeRock Capital LLC purchased a new stake in shares of First Trust Cloud Computing ETF during the fourth quarter valued at about $33,000. Anchor Investment Management LLC purchased a new stake in shares of First Trust Cloud Computing ETF during the fourth quarter valued at about $40,000. Finally, GAMMA Investing LLC acquired a new position in First Trust Cloud Computing ETF in the 4th quarter worth approximately $45,000.

First Trust Cloud Computing ETF Price Performance

NASDAQ:SKYY traded up $0.49 during midday trading on Thursday, hitting $92.98. The company’s stock had a trading volume of 79,087 shares, compared to its average volume of 180,944. First Trust Cloud Computing ETF has a fifty-two week low of $63.80 and a fifty-two week high of $97.78. The firm’s 50 day moving average is $94.02 and its 200-day moving average is $88.28. The firm has a market cap of $3.00 billion, a P/E ratio of 33.21 and a beta of 1.58.

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.