SeaCrest Wealth Management LLC Cuts Holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY)

SeaCrest Wealth Management LLC lowered its stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 7.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,646 shares of the company’s stock after selling 728 shares during the period. SeaCrest Wealth Management LLC’s holdings in First Trust Cloud Computing ETF were worth $986,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in First Trust Cloud Computing ETF in the fourth quarter valued at approximately $32,119,000. Affinity Wealth Management LLC purchased a new stake in shares of First Trust Cloud Computing ETF in the 1st quarter valued at approximately $25,777,000. Prudential PLC acquired a new stake in shares of First Trust Cloud Computing ETF in the 4th quarter valued at $27,124,000. Envestnet Asset Management Inc. lifted its position in shares of First Trust Cloud Computing ETF by 157.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 232,972 shares of the company’s stock worth $27,752,000 after purchasing an additional 142,620 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of First Trust Cloud Computing ETF by 26.5% during the fourth quarter. Wells Fargo & Company MN now owns 378,613 shares of the company’s stock worth $45,100,000 after purchasing an additional 79,365 shares in the last quarter.

First Trust Cloud Computing ETF Price Performance

NASDAQ:SKYY opened at $119.04 on Friday. First Trust Cloud Computing ETF has a 12 month low of $83.45 and a 12 month high of $131.54. The firm has a market capitalization of $3.51 billion, a PE ratio of 30.28 and a beta of 1.06. The business’s fifty day moving average price is $106.06 and its 200 day moving average price is $115.52.

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.