Raymond James & Associates Raises Holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Raymond James & Associates boosted its stake in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 9.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 162,068 shares of the company’s stock after purchasing an additional 13,689 shares during the quarter. Raymond James & Associates’ holdings in First Trust Cloud Computing ETF were worth $16,573,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC boosted its position in shares of First Trust Cloud Computing ETF by 3.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 61,565 shares of the company’s stock worth $5,886,000 after acquiring an additional 2,126 shares in the last quarter. SeaCrest Wealth Management LLC boosted its position in shares of 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 worth $848,000 after acquiring an additional 2,369 shares in the last quarter. North Star Investment Management Corp. acquired a new position in shares of First Trust Cloud Computing ETF during the 1st quarter worth about $59,000. Private Advisor Group LLC boosted its position in shares of First Trust Cloud Computing ETF by 18.1% during the 1st quarter. Private Advisor Group LLC now owns 130,739 shares of the company’s stock worth $12,499,000 after acquiring an additional 20,028 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in shares of First Trust Cloud Computing ETF by 9.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 56,652 shares of the company’s stock worth $5,416,000 after acquiring an additional 4,873 shares in the last quarter.

First Trust Cloud Computing ETF Stock Performance

NASDAQ:SKYY opened at $105.28 on Friday. The stock has a 50-day simple moving average of $100.59 and a 200-day simple moving average of $95.83. The stock has a market cap of $3.08 billion, a P/E ratio of 33.21 and a beta of 1.06. First Trust Cloud Computing ETF has a 1 year low of $70.42 and a 1 year high of $107.74.

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.