Bright Futures Wealth Management LLC. Invests $209,000 in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Bright Futures Wealth Management LLC. bought a new position in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,200 shares of the company’s stock, valued at approximately $209,000.

A number of other institutional investors have also added to or reduced their stakes in the company. MJP Associates Inc. ADV increased its holdings in First Trust Cloud Computing ETF by 4.0% during the first quarter. MJP Associates Inc. ADV now owns 2,703 shares of the company’s stock worth $258,000 after buying an additional 105 shares during the last quarter. Prestige Wealth Management Group LLC increased its holdings in shares of First Trust Cloud Computing ETF by 0.3% in the fourth quarter. Prestige Wealth Management Group LLC now owns 38,748 shares of the company’s stock valued at $3,397,000 after purchasing an additional 114 shares during the last quarter. Summit Financial LLC increased its holdings in shares of First Trust Cloud Computing ETF by 2.1% in the first quarter. Summit Financial LLC now owns 5,580 shares of the company’s stock valued at $533,000 after purchasing an additional 114 shares during the last quarter. EP Wealth Advisors LLC increased its holdings in shares of First Trust Cloud Computing ETF by 5.1% in the first quarter. EP Wealth Advisors LLC now owns 2,452 shares of the company’s stock valued at $234,000 after purchasing an additional 118 shares during the last quarter. Finally, International Assets Investment Management LLC increased its holdings in shares of First Trust Cloud Computing ETF by 3.4% in the first quarter. International Assets Investment Management LLC now owns 3,677 shares of the company’s stock valued at $351,000 after purchasing an additional 120 shares during the last quarter.

First Trust Cloud Computing ETF Trading Down 3.0 %

Shares of NASDAQ:SKYY traded down $2.80 on Friday, hitting $89.45. The company had a trading volume of 183,537 shares, compared to its average volume of 157,917. First Trust Cloud Computing ETF has a 1-year low of $70.42 and a 1-year high of $97.78. The stock has a market cap of $2.75 billion, a price-to-earnings ratio of 33.21 and a beta of 1.06. The stock has a 50 day moving average price of $93.61 and a 200 day moving average price of $93.56.

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.