NORTHSTAR ASSET MANAGEMENT Co Sells 650 Shares of First Trust Cloud Computing ETF $SKYY

NORTHSTAR ASSET MANAGEMENT Co reduced its position in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 1.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,570 shares of the company’s stock after selling 650 shares during the quarter. First Trust Cloud Computing ETF comprises about 1.4% of NORTHSTAR ASSET MANAGEMENT Co’s holdings, making the stock its 16th biggest holding. NORTHSTAR ASSET MANAGEMENT Co’s holdings in First Trust Cloud Computing ETF were worth $6,030,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SKYY. FSM Wealth Advisors LLC bought a new stake in shares of First Trust Cloud Computing ETF in the 2nd quarter valued at about $205,000. Prosperity Financial Group Inc. raised its holdings in First Trust Cloud Computing ETF by 4.9% in the 2nd quarter. Prosperity Financial Group Inc. now owns 12,950 shares of the company’s stock worth $1,575,000 after purchasing an additional 606 shares in the last quarter. Balboa Wealth Partners purchased a new stake in shares of First Trust Cloud Computing ETF in the 2nd quarter worth about $201,000. Chicago Partners Investment Group LLC boosted its stake in shares of First Trust Cloud Computing ETF by 4.3% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 3,925 shares of the company’s stock valued at $487,000 after purchasing an additional 163 shares in the last quarter. Finally, International Assets Investment Management LLC increased its position in shares of First Trust Cloud Computing ETF by 14.4% during the second quarter. International Assets Investment Management LLC now owns 7,150 shares of the company’s stock valued at $870,000 after buying an additional 898 shares during the period.

First Trust Cloud Computing ETF Trading Up 1.3%

SKYY opened at $138.50 on Friday. The company has a market cap of $3.34 billion, a price-to-earnings ratio of 33.85 and a beta of 1.06. The stock has a fifty day simple moving average of $131.85 and a two-hundred day simple moving average of $120.34. First Trust Cloud Computing ETF has a 12-month low of $85.38 and a 12-month high of $139.50.

First Trust Cloud Computing ETF Company 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.