Valley Wealth Managers Inc. cut its stake in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY – Free Report) by 18.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 26,865 shares of the company’s stock after selling 6,154 shares during the quarter. Valley Wealth Managers Inc.’s holdings in First Trust Cloud Computing ETF were worth $4,406,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in SKYY. Baird Financial Group Inc. raised its position in shares of First Trust Cloud Computing ETF by 4,889.0% in the 2nd quarter. Baird Financial Group Inc. now owns 100,130 shares of the company’s stock worth $13,473,000 after buying an additional 98,123 shares during the period. Navellier & Associates Inc. purchased a new stake in First Trust Cloud Computing ETF during the second quarter valued at about $8,552,000. Kirkwood Financial Services acquired a new stake in First Trust Cloud Computing ETF during the second quarter worth about $11,601,000. Independent Financial Group LLC acquired a new stake in First Trust Cloud Computing ETF during the first quarter worth about $5,003,000. Finally, Evelyn Partners Investment Management Europe Ltd acquired a new stake in First Trust Cloud Computing ETF during the fourth quarter worth about $5,508,000.
First Trust Cloud Computing ETF Price Performance
First Trust Cloud Computing ETF stock opened at $174.88 on Friday. The company has a market cap of $3.54 billion, a price-to-earnings ratio of 33.85 and a beta of 1.27. First Trust Cloud Computing ETF has a 12 month low of $103.76 and a 12 month high of $174.95. The stock’s 50-day moving average is $162.59 and its 200-day moving average is $140.25.
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.
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