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GWM Advisors LLC boosted its stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 39.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,494 shares of the company’s stock after purchasing an additional 2,991 shares during the period. GWM Advisors LLC’s holdings in First Trust Cloud Computing ETF were worth $509,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Montecito Bank & Trust boosted its stake in shares of First Trust Cloud Computing ETF by 69.6% during the 3rd quarter. Montecito Bank & Trust now owns 10,133 shares of the company’s stock valued at $575,000 after buying an additional 4,157 shares during the period. Global Trust Asset Management LLC boosted its stake in shares of First Trust Cloud Computing ETF by 27.7% during the 3rd quarter. Global Trust Asset Management LLC now owns 13,410 shares of the company’s stock valued at $761,000 after buying an additional 2,906 shares during the period. IFP Advisors Inc boosted its stake in shares of First Trust Cloud Computing ETF by 3.5% during the 3rd quarter. IFP Advisors Inc now owns 36,118 shares of the company’s stock valued at $2,049,000 after buying an additional 1,228 shares during the period. Sawtooth Solutions LLC boosted its stake in shares of First Trust Cloud Computing ETF by 104.3% during the 3rd quarter. Sawtooth Solutions LLC now owns 68,098 shares of the company’s stock valued at $3,863,000 after buying an additional 34,772 shares during the period. Finally, Oppenheimer & Co. Inc. boosted its stake in shares of First Trust Cloud Computing ETF by 13.7% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 33,575 shares of the company’s stock valued at $1,904,000 after buying an additional 4,034 shares during the period.

Shares of SKYY stock traded up $0.08 on Monday, hitting $56.61. The company’s stock had a trading volume of 302,604 shares, compared to its average volume of 279,649. First Trust Cloud Computing ETF has a fifty-two week low of $45.36 and a fifty-two week high of $57.07.

COPYRIGHT VIOLATION WARNING: “GWM Advisors LLC Boosts Stake in First Trust Cloud Computing ETF (SKYY)” was first reported by Modern Readers and is owned by of Modern Readers. If you are accessing this story on another site, it was illegally copied and reposted in violation of United States & international copyright and trademark laws. The original version of this story can be accessed at https://www.modernreaders.com/news/2019/02/25/first-trust-cloud-computing-etf-skyy-position-boosted-by-gwm-advisors-llc.html.

Further Reading: What is the Current Ratio?

Institutional Ownership by Quarter for First Trust Cloud Computing ETF (NASDAQ:SKYY)

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(Excerpt) Read more Here | 2019-02-25 23:21:18
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