Captrust Financial Advisors Purchases 502 Shares of First Trust Cloud Computing ETF (NASDAQ:SKYY)

Captrust Financial Advisors raised its position in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 13.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,371 shares of the company’s stock after purchasing an additional 502 shares during the quarter. Captrust Financial Advisors’ holdings in First Trust Cloud Computing ETF were worth $521,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in SKYY. Raymond James Financial Inc. bought a new position in shares of First Trust Cloud Computing ETF during the fourth quarter valued at about $32,119,000. Prudential PLC bought a new position in First Trust Cloud Computing ETF during the 4th quarter valued at approximately $27,124,000. Envestnet Asset Management Inc. lifted its holdings in First Trust Cloud Computing ETF by 157.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 232,972 shares of the company’s stock worth $27,752,000 after buying an additional 142,620 shares during the period. Wells Fargo & Company MN lifted its holdings in First Trust Cloud Computing ETF by 26.5% in the 4th quarter. Wells Fargo & Company MN now owns 378,613 shares of the company’s stock worth $45,100,000 after buying an additional 79,365 shares during the period. Finally, Goldstream Capital Management Ltd bought a new stake in shares of First Trust Cloud Computing ETF in the 4th quarter worth approximately $7,736,000.

First Trust Cloud Computing ETF Stock Up 0.7%

Shares of First Trust Cloud Computing ETF stock opened at $116.89 on Monday. The business has a 50 day moving average of $103.51 and a 200 day moving average of $115.47. First Trust Cloud Computing ETF has a 52 week low of $83.45 and a 52 week high of $131.54. The company has a market cap of $3.45 billion, a PE ratio of 30.28 and a beta of 1.06.

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.