WealthBridge Capital Management LLC reduced its stake in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY – Free Report) by 76.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,300 shares of the company’s stock after selling 4,164 shares during the period. WealthBridge Capital Management LLC’s holdings in First Trust Cloud Computing ETF were worth $213,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of SKYY. GK Wealth Management LLC purchased a new stake in shares of First Trust Cloud Computing ETF during the third quarter worth $29,000. Capital Advisors Ltd. LLC acquired a new stake in First Trust Cloud Computing ETF during the first quarter valued at $35,000. Continuum Advisory LLC acquired a new stake in First Trust Cloud Computing ETF during the second quarter valued at $40,000. TD Waterhouse Canada Inc. grew its stake in First Trust Cloud Computing ETF by 35.2% in the second quarter. TD Waterhouse Canada Inc. now owns 307 shares of the company’s stock valued at $41,000 after purchasing an additional 80 shares in the last quarter. Finally, Howe & Rusling Inc. purchased a new position in First Trust Cloud Computing ETF in the first quarter valued at about $42,000.
First Trust Cloud Computing ETF Price Performance
Shares of SKYY stock opened at $158.51 on Friday. First Trust Cloud Computing ETF has a fifty-two week low of $103.76 and a fifty-two week high of $175.81. The stock’s 50-day moving average is $164.02 and its two-hundred day moving average is $142.22. The firm has a market cap of $3.29 billion, a P/E ratio of 33.85 and a beta of 1.27.
First Trust Cloud Computing ETF 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.
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