First Trust Cloud Computing ETF $SKYY Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC reduced its holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 10.4% during the first quarter, Holdings Channel reports. The firm owned 54,587 shares of the company’s stock after selling 6,327 shares during the period. Janney Montgomery Scott LLC’s holdings in First Trust Cloud Computing ETF were worth $5,970,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Parallel Advisors LLC boosted its holdings in First Trust Cloud Computing ETF by 97.0% during the third quarter. Parallel Advisors LLC now owns 197 shares of the company’s stock worth $26,000 after buying an additional 97 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new position in First Trust Cloud Computing ETF in the fourth quarter worth approximately $30,000. Franklin Resources Inc. bought a new position in shares of First Trust Cloud Computing ETF in the fourth quarter valued at $33,000. Capital Advisors Ltd. LLC bought a new position in shares of First Trust Cloud Computing ETF in the first quarter valued at $35,000. Finally, Russell Investments Group Ltd. lifted its position in shares of First Trust Cloud Computing ETF by 177.9% during the 4th quarter. Russell Investments Group Ltd. now owns 289 shares of the company’s stock valued at $38,000 after acquiring an additional 185 shares during the last quarter.

First Trust Cloud Computing ETF Stock Performance

Shares of NASDAQ:SKYY opened at $134.86 on Friday. The company has a market capitalization of $2.73 billion, a PE ratio of 33.85 and a beta of 1.24. The stock has a fifty day moving average of $132.07 and a 200-day moving average of $122.98. First Trust Cloud Computing ETF has a one year low of $103.76 and a one year high of $155.76.

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.