Financial Advocates Investment Management Cuts Position in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Financial Advocates Investment Management trimmed its holdings in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 9.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,447 shares of the company’s stock after selling 929 shares during the quarter. Financial Advocates Investment Management’s holdings in First Trust Cloud Computing ETF were worth $864,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SKYY. EdgeRock Capital LLC acquired a new position in shares of First Trust Cloud Computing ETF in the 2nd quarter valued at about $33,000. VitalStone Financial LLC increased its stake in First Trust Cloud Computing ETF by 44.4% during the 1st quarter. VitalStone Financial LLC now owns 465 shares of the company’s stock worth $44,000 after buying an additional 143 shares in the last quarter. Values First Advisors Inc. purchased a new stake in First Trust Cloud Computing ETF during the 3rd quarter worth approximately $49,000. Blue Trust Inc. purchased a new stake in First Trust Cloud Computing ETF during the 2nd quarter worth approximately $48,000. Finally, Banque Cantonale Vaudoise purchased a new stake in First Trust Cloud Computing ETF during the 2nd quarter worth approximately $54,000.

First Trust Cloud Computing ETF Trading Up 2.0 %

NASDAQ:SKYY opened at $107.37 on Friday. First Trust Cloud Computing ETF has a 12 month low of $73.12 and a 12 month high of $108.14. The stock has a 50 day moving average of $101.48 and a two-hundred day moving average of $96.25. The firm has a market cap of $3.15 billion, a P/E ratio of 33.21 and a beta of 1.06.

First Trust Cloud Computing ETF Company 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.