First Trust Cloud Computing ETF (NASDAQ:SKYY) Shares Sold by Founders Financial Alliance LLC

Founders Financial Alliance LLC trimmed its stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 47.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 496 shares of the company’s stock after selling 450 shares during the quarter. Founders Financial Alliance LLC’s holdings in First Trust Cloud Computing ETF were worth $43,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of SKYY. International Assets Investment Management LLC grew its holdings in shares of First Trust Cloud Computing ETF by 8,785.2% in the 4th quarter. International Assets Investment Management LLC now owns 311,870 shares of the company’s stock worth $27,342,000 after acquiring an additional 308,360 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of First Trust Cloud Computing ETF in the fourth quarter worth $5,468,000. Valley Wealth Managers Inc. acquired a new stake in shares of First Trust Cloud Computing ETF in the third quarter worth $3,815,000. Robertson Stephens Wealth Management LLC acquired a new stake in shares of First Trust Cloud Computing ETF in the third quarter worth $3,737,000. Finally, Good Life Advisors LLC acquired a new stake in shares of First Trust Cloud Computing ETF in the fourth quarter worth $2,788,000.

First Trust Cloud Computing ETF Stock Down 0.0 %

Shares of First Trust Cloud Computing ETF stock traded down $0.04 during midday trading on Friday, hitting $95.02. The company’s stock had a trading volume of 96,390 shares, compared to its average volume of 170,913. The firm has a market capitalization of $3.07 billion, a P/E ratio of 33.21 and a beta of 1.06. The stock has a 50-day simple moving average of $94.00 and a 200-day simple moving average of $90.12. First Trust Cloud Computing ETF has a 1-year low of $68.66 and a 1-year high of $97.78.

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.