First Trust Cloud Computing ETF $SKYY Stake Lessened by Flaharty Asset Management LLC

Flaharty Asset Management LLC cut its stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 93.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,992 shares of the company’s stock after selling 152,823 shares during the period. First Trust Cloud Computing ETF accounts for 2.1% of Flaharty Asset Management LLC’s portfolio, making the stock its 24th largest position. Flaharty Asset Management LLC owned approximately 0.05% of First Trust Cloud Computing ETF worth $1,487,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the stock. Independent Financial Group LLC bought a new position in shares of First Trust Cloud Computing ETF during the first quarter worth about $5,003,000. San Luis Wealth Advisors LLC bought a new stake in First Trust Cloud Computing ETF in the fourth quarter valued at about $801,000. Osbon Capital Management LLC acquired a new stake in First Trust Cloud Computing ETF during the fourth quarter valued at approximately $1,093,000. Evelyn Partners Investment Management Europe Ltd acquired a new stake in First Trust Cloud Computing ETF during the fourth quarter valued at approximately $5,508,000. Finally, Hyposwiss Advisors SA bought a new position in First Trust Cloud Computing ETF during the 4th quarter worth approximately $2,479,000.

First Trust Cloud Computing ETF Stock Performance

Shares of NASDAQ:SKYY opened at $156.17 on Friday. The company’s fifty day moving average is $138.40 and its two-hundred day moving average is $124.83. First Trust Cloud Computing ETF has a 1-year low of $103.76 and a 1-year high of $156.54. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of 33.85 and a beta of 1.24.

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.