First Trust Cloud Computing ETF (NASDAQ:SKYY) Shares Sold by MJP Associates Inc. ADV

MJP Associates Inc. ADV decreased its position in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 4.3% during the 4th quarter, Holdings Channel reports. The fund owned 2,598 shares of the company’s stock after selling 118 shares during the quarter. MJP Associates Inc. ADV’s holdings in First Trust Cloud Computing ETF were worth $228,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in SKYY. Morgan Stanley raised its stake in shares of First Trust Cloud Computing ETF by 1.6% during the 3rd quarter. Morgan Stanley now owns 909,583 shares of the company’s stock worth $69,047,000 after buying an additional 14,175 shares during the last quarter. LPL Financial LLC increased its position in shares of First Trust Cloud Computing ETF by 1.9% in the third quarter. LPL Financial LLC now owns 868,932 shares of the company’s stock worth $65,961,000 after acquiring an additional 16,393 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of First Trust Cloud Computing ETF by 6.8% during the first quarter. JPMorgan Chase & Co. now owns 154,711 shares of the company’s stock worth $14,004,000 after purchasing an additional 9,810 shares in the last quarter. Raymond James & Associates boosted its holdings in First Trust Cloud Computing ETF by 5.7% in the 4th quarter. Raymond James & Associates now owns 147,672 shares of the company’s stock worth $12,946,000 after acquiring an additional 7,914 shares during the period. Finally, Jane Street Group LLC grew its holdings in First Trust Cloud Computing ETF by 126.8% during the 4th quarter. Jane Street Group LLC now owns 139,917 shares of the company’s stock valued at $8,061,000 after purchasing an additional 78,217 shares in the last quarter.

First Trust Cloud Computing ETF Stock Performance

Shares of SKYY stock traded down $0.02 during mid-day trading on Thursday, reaching $95.60. 92,649 shares of the company were exchanged, compared to its average volume of 201,901. The company has a market capitalization of $3.18 billion, a P/E ratio of 20.90 and a beta of 1.06. The business’s 50 day simple moving average is $93.57 and its 200 day simple moving average is $84.84. First Trust Cloud Computing ETF has a fifty-two week low of $60.65 and a fifty-two week high of $97.78.

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.