Fernwood Investment Management LLC Has $222,000 Stock Position in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Fernwood Investment Management LLC cut its holdings in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 19.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,535 shares of the company’s stock after selling 630 shares during the period. Fernwood Investment Management LLC’s holdings in First Trust Cloud Computing ETF were worth $222,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Silver Oak Securities Incorporated bought a new stake in First Trust Cloud Computing ETF in the fourth quarter valued at about $276,000. Transcend Capital Advisors LLC acquired a new stake in shares of First Trust Cloud Computing ETF in the 4th quarter valued at approximately $218,000. Gilliland Jeter Wealth Management LLC bought a new position in First Trust Cloud Computing ETF during the 4th quarter worth approximately $870,000. Florin Court Capital LLP grew its holdings in First Trust Cloud Computing ETF by 8.7% during the fourth quarter. Florin Court Capital LLP now owns 76,100 shares of the company’s stock valued at $6,672,000 after purchasing an additional 6,100 shares during the period. Finally, Atria Wealth Solutions Inc. grew its holdings in First Trust Cloud Computing ETF by 2.1% during the fourth quarter. Atria Wealth Solutions Inc. now owns 23,727 shares of the company’s stock valued at $2,080,000 after purchasing an additional 497 shares during the period.

First Trust Cloud Computing ETF Price Performance

SKYY traded down $0.79 during mid-day trading on Tuesday, hitting $92.09. The stock had a trading volume of 20,633 shares, compared to its average volume of 185,529. The stock’s fifty day simple moving average is $94.02 and its 200-day simple moving average is $87.58. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 35.15 and a beta of 1.06. First Trust Cloud Computing ETF has a 1-year low of $60.65 and a 1-year high of $97.78.

About First Trust Cloud Computing ETF

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.