Main Street Financial Solutions LLC Trims Stock Position in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Main Street Financial Solutions LLC trimmed its stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 4.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,676 shares of the company’s stock after selling 344 shares during the period. Main Street Financial Solutions LLC’s holdings in First Trust Cloud Computing ETF were worth $683,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of SKYY. International Assets Investment Management LLC increased its position in First Trust Cloud Computing ETF by 11,038.7% during the 3rd quarter. International Assets Investment Management LLC now owns 412,243 shares of the company’s stock valued at $42,156,000 after buying an additional 408,542 shares in the last quarter. Cetera Investment Advisers raised its position in shares of First Trust Cloud Computing ETF by 1,277.0% in the 1st quarter. Cetera Investment Advisers now owns 74,135 shares of the company’s stock worth $7,087,000 after purchasing an additional 68,751 shares during the last quarter. Seaview Investment Managers LLC bought a new position in First Trust Cloud Computing ETF in the 2nd quarter worth about $2,532,000. Private Advisor Group LLC grew its position in First Trust Cloud Computing ETF by 20.6% during the 3rd quarter. Private Advisor Group LLC now owns 120,366 shares of the company’s stock valued at $12,309,000 after purchasing an additional 20,559 shares during the last quarter. Finally, Great Diamond Partners LLC bought a new stake in First Trust Cloud Computing ETF during the 3rd quarter valued at about $2,019,000.

First Trust Cloud Computing ETF Stock Performance

Shares of NASDAQ SKYY opened at $119.94 on Thursday. The firm’s 50 day moving average price is $103.98 and its 200-day moving average price is $97.48. First Trust Cloud Computing ETF has a 52-week low of $78.14 and a 52-week high of $121.59. The company has a market cap of $3.51 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.