First Trust Cloud Computing ETF $SKYY Shares Sold by Meitav Investment House Ltd.

Meitav Investment House Ltd. lessened its holdings in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 79.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 5,945 shares of the company’s stock after selling 23,130 shares during the quarter. Meitav Investment House Ltd.’s holdings in First Trust Cloud Computing ETF were worth $650,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its position in First Trust Cloud Computing ETF by 12,567.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,301,211 shares of the company’s stock valued at $429,422,000 after buying an additional 3,275,151 shares in the last quarter. LPL Financial LLC boosted its holdings in First Trust Cloud Computing ETF by 2.0% in the fourth quarter. LPL Financial LLC now owns 917,710 shares of the company’s stock worth $119,376,000 after acquiring an additional 17,690 shares in the last quarter. UBS Group AG grew its stake in shares of First Trust Cloud Computing ETF by 2.1% during the third quarter. UBS Group AG now owns 538,996 shares of the company’s stock worth $72,452,000 after acquiring an additional 11,236 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of First Trust Cloud Computing ETF by 16.4% during the fourth quarter. Wells Fargo & Company MN now owns 335,915 shares of the company’s stock worth $43,696,000 after acquiring an additional 47,229 shares during the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of First Trust Cloud Computing ETF by 8.3% during the fourth quarter. Royal Bank of Canada now owns 188,407 shares of the company’s stock valued at $24,508,000 after acquiring an additional 14,457 shares in the last quarter.

First Trust Cloud Computing ETF Stock Up 1.1%

Shares of First Trust Cloud Computing ETF stock opened at $139.01 on Wednesday. The company has a 50 day moving average price of $132.89 and a 200 day moving average price of $123.07. The firm has a market capitalization of $2.81 billion, a P/E ratio of 33.85 and a beta of 1.24. First Trust Cloud Computing ETF has a 52 week low of $103.76 and a 52 week high of $155.76.

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.