Ballew Advisors Inc Purchases New Stake in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Ballew Advisors Inc purchased a new stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,612 shares of the company’s stock, valued at approximately $228,000.

Several other hedge funds have also bought and sold shares of SKYY. JPMorgan Chase & Co. grew its position in First Trust Cloud Computing ETF by 6.8% in the 1st quarter. JPMorgan Chase & Co. now owns 154,711 shares of the company’s stock valued at $14,004,000 after purchasing an additional 9,810 shares during the period. Synovus Financial Corp boosted its holdings in First Trust Cloud Computing ETF by 103.8% during the 1st quarter. Synovus Financial Corp now owns 8,676 shares of the company’s stock worth $789,000 after acquiring an additional 4,418 shares during the last quarter. Vontobel Holding Ltd. boosted its holdings in First Trust Cloud Computing ETF by 2.0% during the 1st quarter. Vontobel Holding Ltd. now owns 8,365 shares of the company’s stock worth $757,000 after acquiring an additional 165 shares during the last quarter. Blair William & Co. IL boosted its holdings in First Trust Cloud Computing ETF by 11.4% during the 1st quarter. Blair William & Co. IL now owns 3,735 shares of the company’s stock worth $338,000 after acquiring an additional 382 shares during the last quarter. Finally, Moors & Cabot Inc. boosted its holdings in First Trust Cloud Computing ETF by 38.0% during the 1st quarter. Moors & Cabot Inc. now owns 6,868 shares of the company’s stock worth $622,000 after acquiring an additional 1,891 shares during the last quarter.

First Trust Cloud Computing ETF Stock Performance

SKYY traded down $0.02 during mid-day trading on Thursday, reaching $95.60. 92,649 shares of the stock were exchanged, compared to its average volume of 202,001. The stock has a market capitalization of $3.18 billion, a PE ratio of 20.90 and a beta of 1.06. The company has a 50 day moving average price of $93.72 and a two-hundred day moving average price of $84.91. First Trust Cloud Computing ETF has a 1 year low of $60.65 and a 1 year high of $97.78.

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.