Anchor Investment Management LLC Increases Stake in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Anchor Investment Management LLC lifted its position in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 53.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 675 shares of the company’s stock after acquiring an additional 235 shares during the quarter. Anchor Investment Management LLC’s holdings in First Trust Cloud Computing ETF were worth $64,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Peterson Wealth Management raised its holdings in shares of First Trust Cloud Computing ETF by 1.0% in the 4th quarter. Peterson Wealth Management now owns 24,204 shares of the company’s stock valued at $2,122,000 after purchasing an additional 250 shares in the last quarter. EP Wealth Advisors LLC raised its stake in First Trust Cloud Computing ETF by 5.1% in the first quarter. EP Wealth Advisors LLC now owns 2,452 shares of the company’s stock worth $234,000 after buying an additional 118 shares in the last quarter. Napa Wealth Management purchased a new stake in First Trust Cloud Computing ETF during the fourth quarter worth $446,000. Wealth Enhancement Advisory Services LLC lifted its holdings in First Trust Cloud Computing ETF by 3.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 61,565 shares of the company’s stock worth $5,886,000 after buying an additional 2,126 shares during the period. Finally, SeaCrest Wealth Management LLC boosted its position in First Trust Cloud Computing ETF by 36.4% during the 1st quarter. SeaCrest Wealth Management LLC now owns 8,869 shares of the company’s stock valued at $848,000 after acquiring an additional 2,369 shares in the last quarter.

First Trust Cloud Computing ETF Trading Up 2.4 %

SKYY opened at $103.19 on Friday. The firm has a market cap of $3.00 billion, a price-to-earnings ratio of 33.21 and a beta of 1.06. First Trust Cloud Computing ETF has a 12 month low of $70.42 and a 12 month high of $103.20. The stock has a fifty day moving average price of $96.64 and a 200-day moving average price of $94.82.

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.