Ballew Advisors Inc Acquires New Holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Ballew Advisors Inc acquired a new stake in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,612 shares of the company’s stock, valued at approximately $228,000.

A number of other institutional investors have also recently bought and sold shares of the company. SeaCrest Wealth Management LLC grew its holdings in First Trust Cloud Computing ETF by 10.2% during the fourth quarter. SeaCrest Wealth Management LLC now owns 6,500 shares of the company’s stock valued at $542,000 after purchasing an additional 600 shares during the period. Good Life Advisors LLC acquired a new position in First Trust Cloud Computing ETF during the fourth quarter valued at approximately $2,788,000. Twin Peaks Wealth Advisors LLC acquired a new position in First Trust Cloud Computing ETF during the fourth quarter valued at approximately $1,140,000. Kingswood Wealth Advisors LLC acquired a new position in shares of First Trust Cloud Computing ETF in the fourth quarter valued at approximately $264,000. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in shares of First Trust Cloud Computing ETF by 21.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 138,730 shares of the company’s stock valued at $12,162,000 after buying an additional 24,473 shares during the period.

First Trust Cloud Computing ETF Price Performance

Shares of First Trust Cloud Computing ETF stock traded down $0.02 on Thursday, hitting $95.60. The company had a trading volume of 92,649 shares, compared to its average volume of 202,001. The firm has a market capitalization of $3.18 billion, a P/E ratio of 20.90 and a beta of 1.06. First Trust Cloud Computing ETF has a twelve month low of $60.65 and a twelve month high of $97.78. The stock has a 50-day moving average of $93.72 and a 200-day moving average of $84.91.

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.