Creative Financial Designs Inc. ADV Boosts Holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Creative Financial Designs Inc. ADV increased its stake in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 1,563.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,163 shares of the company’s stock after buying an additional 2,033 shares during the period. Creative Financial Designs Inc. ADV’s holdings in First Trust Cloud Computing ETF were worth $258,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in SKYY. LFA Lugano Financial Advisors SA purchased a new stake in First Trust Cloud Computing ETF during the fourth quarter worth about $32,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of First Trust Cloud Computing ETF by 77.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 284 shares of the company’s stock worth $34,000 after purchasing an additional 124 shares in the last quarter. Morse Asset Management Inc purchased a new position in shares of First Trust Cloud Computing ETF in the third quarter worth about $40,000. SRS Capital Advisors Inc. increased its stake in shares of First Trust Cloud Computing ETF by 1,343.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 433 shares of the company’s stock worth $52,000 after purchasing an additional 403 shares in the last quarter. Finally, Hemington Wealth Management increased its stake in shares of First Trust Cloud Computing ETF by 29.6% in the fourth quarter. Hemington Wealth Management now owns 469 shares of the company’s stock worth $55,000 after purchasing an additional 107 shares in the last quarter.

First Trust Cloud Computing ETF Stock Up 1.9 %

SKYY opened at $108.97 on Thursday. The company has a market capitalization of $3.35 billion, a price-to-earnings ratio of 33.08 and a beta of 1.06. The firm has a 50-day moving average price of $120.93 and a 200-day moving average price of $115.11. First Trust Cloud Computing ETF has a twelve month low of $83.45 and a twelve 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.