Steward Partners Investment Advisory LLC Acquires 857 Shares of First Trust Cloud Computing ETF (NASDAQ:SKYY)

Steward Partners Investment Advisory LLC boosted its position in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 12.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,820 shares of the company’s stock after acquiring an additional 857 shares during the period. Steward Partners Investment Advisory LLC’s holdings in First Trust Cloud Computing ETF were worth $932,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. increased its stake in First Trust Cloud Computing ETF by 77.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 284 shares of the company’s stock valued at $34,000 after acquiring an additional 124 shares during the period. Morse Asset Management Inc bought a new position in First Trust Cloud Computing ETF during the third quarter valued at about $40,000. SRS Capital Advisors Inc. increased its stake in First Trust Cloud Computing ETF by 1,343.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 433 shares of the company’s stock valued at $52,000 after acquiring an additional 403 shares during the period. Hemington Wealth Management increased its stake in First Trust Cloud Computing ETF by 29.6% during the fourth quarter. Hemington Wealth Management now owns 469 shares of the company’s stock valued at $55,000 after acquiring an additional 107 shares during the period. Finally, Kestra Investment Management LLC bought a new position in First Trust Cloud Computing ETF during the fourth quarter valued at about $58,000.

First Trust Cloud Computing ETF Stock Down 5.0 %

Shares of SKYY opened at $104.76 on Tuesday. First Trust Cloud Computing ETF has a 12-month low of $83.45 and a 12-month high of $131.54. The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of 32.02 and a beta of 1.06. The stock’s 50-day moving average price is $122.88 and its 200 day moving average price is $114.76.

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.