Apollon Wealth Management LLC Raises Holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Apollon Wealth Management LLC raised its position in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 413.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,261 shares of the company’s stock after acquiring an additional 9,872 shares during the period. Apollon Wealth Management LLC’s holdings in First Trust Cloud Computing ETF were worth $1,460,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SKYY. GAMMA Investing LLC grew its position 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 valued at $75,000 after acquiring an additional 200 shares in the last quarter. CWM LLC boosted its stake in shares of First Trust Cloud Computing ETF by 1.1% in the third quarter. CWM LLC now owns 13,422 shares of the company’s stock valued at $1,373,000 after purchasing an additional 145 shares during the period. Creative Planning grew its holdings in First Trust Cloud Computing ETF by 8.0% during the 3rd quarter. Creative Planning now owns 11,929 shares of the company’s stock valued at $1,220,000 after purchasing an additional 885 shares in the last quarter. ERn Financial LLC increased its stake in First Trust Cloud Computing ETF by 1.7% during the 3rd quarter. ERn Financial LLC now owns 18,769 shares of the company’s stock worth $1,919,000 after buying an additional 306 shares during the period. Finally, SeaCrest Wealth Management LLC lifted its holdings in First Trust Cloud Computing ETF by 4.4% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 10,155 shares of the company’s stock worth $1,038,000 after buying an additional 426 shares in the last quarter.

First Trust Cloud Computing ETF Price Performance

Shares of First Trust Cloud Computing ETF stock opened at $131.18 on Tuesday. First Trust Cloud Computing ETF has a 1-year low of $83.45 and a 1-year high of $131.54. The company has a market capitalization of $4.03 billion, a PE ratio of 33.21 and a beta of 1.06. The business has a 50-day moving average of $124.18 and a 200-day moving average of $110.58.

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.