HighTower Advisors LLC Has $4.49 Million Position in First Trust Cloud Computing ETF (NASDAQ:SKYY)

HighTower Advisors LLC raised its stake in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 4.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,687 shares of the company’s stock after purchasing an additional 1,577 shares during the period. HighTower Advisors LLC’s holdings in First Trust Cloud Computing ETF were worth $4,489,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SKYY. PNC Financial Services Group Inc. boosted its holdings in shares of First Trust Cloud Computing ETF by 86.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 177,430 shares of the company’s stock worth $18,144,000 after buying an additional 82,121 shares during the period. Flagstar Advisors Inc. boosted its holdings in First Trust Cloud Computing ETF by 15.6% during the third quarter. Flagstar Advisors Inc. now owns 4,060 shares of the company’s stock valued at $415,000 after acquiring an additional 548 shares during the period. Kingsview Wealth Management LLC grew its position in shares of First Trust Cloud Computing ETF by 0.7% in the third quarter. Kingsview Wealth Management LLC now owns 21,799 shares of the company’s stock valued at $2,229,000 after purchasing an additional 152 shares during the last quarter. FMR LLC grew its position in shares of First Trust Cloud Computing ETF by 3.2% in the third quarter. FMR LLC now owns 14,471 shares of the company’s stock valued at $1,480,000 after purchasing an additional 444 shares during the last quarter. Finally, CreativeOne Wealth LLC acquired a new position in shares of First Trust Cloud Computing ETF during the 3rd quarter worth about $1,252,000.

First Trust Cloud Computing ETF Stock Up 1.9 %

Shares of NASDAQ:SKYY opened at $108.97 on Thursday. The company has a market cap of $3.35 billion, a price-to-earnings ratio of 33.08 and a beta of 1.06. The business has a 50 day moving average price of $120.93 and a 200 day moving average price of $115.11. First Trust Cloud Computing ETF has a twelve month low of $83.45 and a twelve month high of $131.54.

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.