Gilliland Jeter Wealth Management LLC Buys New Position in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Gilliland Jeter Wealth Management LLC acquired a new position in First Trust Cloud Computing ETF (NASDAQ:SKYY) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 9,918 shares of the company’s stock, valued at approximately $870,000.

Other institutional investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. bought a new position in First Trust Cloud Computing ETF in the fourth quarter worth $5,468,000. Raymond James Financial Services Advisors Inc. raised its holdings in First Trust Cloud Computing ETF by 21.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 138,730 shares of the company’s stock worth $12,162,000 after purchasing an additional 24,473 shares in the last quarter. International Assets Investment Management LLC raised its holdings in First Trust Cloud Computing ETF by 8,785.2% in the fourth quarter. International Assets Investment Management LLC now owns 311,870 shares of the company’s stock worth $27,342,000 after purchasing an additional 308,360 shares in the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of First Trust Cloud Computing ETF in the third quarter worth $351,000. Finally, Beacon Financial Advisory LLC purchased a new stake in shares of First Trust Cloud Computing ETF in the fourth quarter worth $280,000.

First Trust Cloud Computing ETF Stock Up 1.5 %

Shares of NASDAQ SKYY traded up $1.37 during trading on Friday, reaching $92.99. The company had a trading volume of 81,298 shares, compared to its average volume of 189,049. 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 $3.01 billion, a PE ratio of 35.15 and a beta of 1.06. The business’s 50-day moving average is $94.02 and its 200 day moving average is $87.40.

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.