Pinnacle Associates Ltd. Acquires 185 Shares of First Trust Cloud Computing ETF (NASDAQ:SKYY)

Pinnacle Associates Ltd. lifted its holdings in shares of First Trust Cloud Computing ETF (NASDAQ:SKYYFree Report) by 3.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,241 shares of the company’s stock after purchasing an additional 185 shares during the period. Pinnacle Associates Ltd.’s holdings in First Trust Cloud Computing ETF were worth $460,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Flagstar Advisors Inc. purchased a new stake in First Trust Cloud Computing ETF during the 4th quarter valued at $220,000. Global Retirement Partners LLC lifted its position in shares of First Trust Cloud Computing ETF by 344.3% in the 4th quarter. Global Retirement Partners LLC now owns 2,968 shares of the company’s stock worth $259,000 after purchasing an additional 2,300 shares during the period. Ballew Advisors Inc purchased a new stake in shares of First Trust Cloud Computing ETF in the 4th quarter worth about $228,000. SeaCrest Wealth Management LLC lifted its position in shares of First Trust Cloud Computing ETF by 10.2% in the 4th quarter. SeaCrest Wealth Management LLC now owns 6,500 shares of the company’s stock worth $542,000 after purchasing an additional 600 shares during the period. Finally, Good Life Advisors LLC purchased a new stake in shares of First Trust Cloud Computing ETF in the 4th quarter worth about $2,788,000.

First Trust Cloud Computing ETF Trading Up 0.9 %

NASDAQ:SKYY opened at $95.20 on Thursday. The company has a 50-day moving average price of $94.10 and a 200-day moving average price of $85.38. First Trust Cloud Computing ETF has a 12 month low of $60.65 and a 12 month high of $97.78. The stock has a market cap of $3.17 billion, a price-to-earnings ratio of 20.90 and a beta of 1.06.

About First Trust Cloud Computing ETF

(Free Report)

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.

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Institutional Ownership by Quarter for First Trust Cloud Computing ETF (NASDAQ:SKYY)

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