Transcend Capital Advisors LLC Trims Stake in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Transcend Capital Advisors LLC lowered its position in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 9.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,187 shares of the company’s stock after selling 229 shares during the quarter. Transcend Capital Advisors LLC’s holdings in First Trust Cloud Computing ETF were worth $209,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SKYY. EdgeRock Capital LLC purchased a new position in First Trust Cloud Computing ETF in the 4th quarter worth about $33,000. PFS Partners LLC purchased a new stake in shares of First Trust Cloud Computing ETF in the 1st quarter valued at $43,000. VitalStone Financial LLC grew its position in First Trust Cloud Computing ETF by 44.4% during the 1st quarter. VitalStone Financial LLC now owns 465 shares of the company’s stock worth $44,000 after purchasing an additional 143 shares during the period. GAMMA Investing LLC purchased a new position in First Trust Cloud Computing ETF during the fourth quarter valued at approximately $45,000. Finally, Future Financial Wealth Managment LLC purchased a new position in shares of First Trust Cloud Computing ETF during the 1st quarter valued at approximately $48,000.

First Trust Cloud Computing ETF Trading Down 3.0 %

SKYY traded down $2.68 during midday trading on Monday, hitting $86.77. 176,010 shares of the company traded hands, compared to its average volume of 158,038. First Trust Cloud Computing ETF has a 52-week low of $70.42 and a 52-week high of $97.78. The business has a 50 day simple moving average of $93.61 and a two-hundred day simple moving average of $93.61. The company has a market capitalization of $2.66 billion, a price-to-earnings ratio of 33.21 and a beta of 1.06.

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.