First Trust Cloud Computing ETF $SKYY Stock Holdings Lowered by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC lowered its position in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 54.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,123 shares of the company’s stock after selling 4,916 shares during the period. Cornerstone Wealth Management LLC’s holdings in First Trust Cloud Computing ETF were worth $676,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in SKYY. Royal Bank of Canada boosted its holdings in shares of First Trust Cloud Computing ETF by 12.7% in the first quarter. Royal Bank of Canada now owns 212,254 shares of the company’s stock worth $23,212,000 after buying an additional 23,847 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of First Trust Cloud Computing ETF by 8.9% in the first quarter. Cetera Investment Advisers now owns 148,215 shares of the company’s stock worth $16,209,000 after buying an additional 12,065 shares in the last quarter. Baird Financial Group Inc. increased its stake in First Trust Cloud Computing ETF by 4,889.0% during the second quarter. Baird Financial Group Inc. now owns 100,130 shares of the company’s stock worth $13,473,000 after acquiring an additional 98,123 shares during the last quarter. Kirkwood Financial Services bought a new stake in shares of First Trust Cloud Computing ETF in the 2nd quarter worth about $11,601,000. Finally, Commonwealth Equity Services LLC grew its position in First Trust Cloud Computing ETF by 1.1% in the 3rd quarter. Commonwealth Equity Services LLC now owns 62,727 shares of the company’s stock valued at $10,287,000 after acquiring an additional 689 shares during the last quarter.

First Trust Cloud Computing ETF Price Performance

Shares of SKYY stock opened at $152.51 on Friday. The company’s 50-day simple moving average is $162.85 and its two-hundred day simple moving average is $137.92. First Trust Cloud Computing ETF has a one year low of $103.76 and a one year high of $175.81. The company has a market capitalization of $3.15 billion, a P/E ratio of 26.23 and a beta of 1.27.

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.