Jaffetilchin Investment Partners LLC Boosts Stake in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Jaffetilchin Investment Partners LLC increased its position in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 6.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 33,171 shares of the company’s stock after purchasing an additional 1,871 shares during the quarter. Jaffetilchin Investment Partners LLC’s holdings in First Trust Cloud Computing ETF were worth $3,951,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Wealthcare Advisory Partners LLC lifted its position in First Trust Cloud Computing ETF by 29.1% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 3,984 shares of the company’s stock valued at $475,000 after buying an additional 899 shares during the period. JPMorgan Chase & Co. increased its position in shares of First Trust Cloud Computing ETF by 4.0% during the third quarter. JPMorgan Chase & Co. now owns 147,336 shares of the company’s stock valued at $15,067,000 after acquiring an additional 5,620 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in First Trust Cloud Computing ETF by 77.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 284 shares of the company’s stock worth $34,000 after acquiring an additional 124 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in First Trust Cloud Computing ETF by 12.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,820 shares of the company’s stock valued at $932,000 after acquiring an additional 857 shares in the last quarter. Finally, Truist Financial Corp boosted its stake in First Trust Cloud Computing ETF by 1.8% during the 4th quarter. Truist Financial Corp now owns 19,351 shares of the company’s stock valued at $2,305,000 after purchasing an additional 335 shares during the last quarter.

First Trust Cloud Computing ETF Price Performance

SKYY stock opened at $95.86 on Friday. The stock has a market capitalization of $2.88 billion, a P/E ratio of 27.61 and a beta of 1.06. First Trust Cloud Computing ETF has a 1-year low of $83.45 and a 1-year high of $131.54. The business has a fifty day moving average price of $112.79 and a 200-day moving average price of $115.41.

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.