First Trust Cloud Computing ETF (NASDAQ:SKYY) Shares Purchased by LPL Financial LLC

LPL Financial LLC grew its stake in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 1.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 832,024 shares of the company’s stock after purchasing an additional 12,281 shares during the quarter. LPL Financial LLC’s holdings in First Trust Cloud Computing ETF were worth $99,111,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of SKYY. Raymond James Financial Inc. acquired a new position in First Trust Cloud Computing ETF during the 4th quarter worth approximately $32,119,000. Benjamin Edwards Inc. purchased a new stake in shares of First Trust Cloud Computing ETF during the third quarter valued at approximately $5,373,000. SPC Financial Inc. acquired a new position in shares of First Trust Cloud Computing ETF during the fourth quarter worth $4,920,000. Private Advisor Group LLC boosted its stake in shares of First Trust Cloud Computing ETF by 34.2% in the fourth quarter. Private Advisor Group LLC now owns 161,588 shares of the company’s stock valued at $19,248,000 after purchasing an additional 41,222 shares during the period. Finally, Plotkin Financial Advisors LLC acquired a new stake in First Trust Cloud Computing ETF during the 3rd quarter valued at $3,062,000.

First Trust Cloud Computing ETF Price Performance

Shares of SKYY stock opened at $111.82 on Wednesday. The company’s fifty day moving average price is $120.23 and its two-hundred day moving average price is $115.65. The firm has a market capitalization of $3.44 billion, a P/E ratio of 33.08 and a beta of 1.06. First Trust Cloud Computing ETF has a 12 month low of $83.45 and a 12 month high of $131.54.

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.