NewEdge Advisors LLC trimmed its stake in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY – Free Report) by 43.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,496 shares of the company’s stock after selling 14,931 shares during the period. NewEdge Advisors LLC owned approximately 0.09% of First Trust Cloud Computing ETF worth $2,132,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Independent Financial Group LLC acquired a new position in shares of First Trust Cloud Computing ETF during the first quarter valued at $5,003,000. San Luis Wealth Advisors LLC acquired a new stake in First Trust Cloud Computing ETF in the fourth quarter worth about $801,000. Osbon Capital Management LLC acquired a new stake in First Trust Cloud Computing ETF in the fourth quarter worth about $1,093,000. Evelyn Partners Investment Management Europe Ltd bought a new stake in First Trust Cloud Computing ETF during the 4th quarter worth about $5,508,000. Finally, Hyposwiss Advisors SA bought a new stake in First Trust Cloud Computing ETF during the 4th quarter worth about $2,479,000.
First Trust Cloud Computing ETF Trading Up 2.1%
First Trust Cloud Computing ETF stock opened at $143.00 on Friday. The company has a market cap of $2.89 billion, a PE ratio of 33.85 and a beta of 1.24. First Trust Cloud Computing ETF has a 1 year low of $103.76 and a 1 year high of $155.76. The company’s 50-day moving average is $136.74 and its two-hundred day moving average is $123.94.
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.
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