First Trust Cloud Computing ETF (NASDAQ:SKYY) Shares Sold by Spire Wealth Management

Spire Wealth Management reduced its position in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 29.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,482 shares of the company’s stock after selling 6,739 shares during the quarter. Spire Wealth Management owned approximately 0.05% of First Trust Cloud Computing ETF worth $1,575,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC acquired a new stake in shares of First Trust Cloud Computing ETF during the 4th quarter valued at approximately $45,000. Kestra Private Wealth Services LLC lifted its position in shares of First Trust Cloud Computing ETF by 7.2% in the 4th quarter. Kestra Private Wealth Services LLC now owns 11,560 shares of the company’s stock worth $1,013,000 after buying an additional 775 shares during the last quarter. Merit Financial Group LLC boosted its holdings in shares of First Trust Cloud Computing ETF by 13.6% in the 4th quarter. Merit Financial Group LLC now owns 4,261 shares of the company’s stock valued at $374,000 after buying an additional 510 shares during the period. Private Advisor Group LLC grew its position in shares of First Trust Cloud Computing ETF by 0.4% during the 4th quarter. Private Advisor Group LLC now owns 110,711 shares of the company’s stock valued at $9,706,000 after buying an additional 458 shares during the last quarter. Finally, Apollon Wealth Management LLC bought a new stake in shares of First Trust Cloud Computing ETF during the 4th quarter valued at about $219,000.

First Trust Cloud Computing ETF Trading Up 1.2 %

NASDAQ SKYY traded up $1.15 during trading hours on Friday, reaching $97.93. The company’s stock had a trading volume of 64,379 shares, compared to its average volume of 151,810. The business has a 50-day simple moving average of $94.64 and a 200 day simple moving average of $93.95. First Trust Cloud Computing ETF has a 52 week low of $70.42 and a 52 week high of $98.50. The stock has a market cap of $3.01 billion, a PE ratio of 33.21 and a beta of 1.06.

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.