Western Wealth Management LLC lessened its stake in First Trust Cloud Computing ETF (NASDAQ:SKYY – Free Report) by 3.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 15,536 shares of the company’s stock after selling 544 shares during the quarter. Western Wealth Management LLC’s holdings in First Trust Cloud Computing ETF were worth $1,362,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. VitalStone Financial LLC boosted its stake in shares of First Trust Cloud Computing ETF by 144.8% in the 3rd quarter. VitalStone Financial LLC now owns 350 shares of the company’s stock valued at $27,000 after buying an additional 207 shares during the period. Whittier Trust Co. purchased a new stake in First Trust Cloud Computing ETF during the third quarter worth approximately $28,000. Worth Asset Management LLC purchased a new stake in First Trust Cloud Computing ETF during the first quarter worth approximately $34,000. Anchor Investment Management LLC purchased a new stake in First Trust Cloud Computing ETF during the fourth quarter worth approximately $40,000. Finally, Blue Bell Private Wealth Management LLC lifted its stake in First Trust Cloud Computing ETF by 37.7% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 720 shares of the company’s stock worth $63,000 after purchasing an additional 197 shares during the last quarter.
First Trust Cloud Computing ETF Stock Down 1.5 %
SKYY stock opened at $88.77 on Friday. The business has a 50 day moving average price of $94.28 and a 200 day moving average price of $86.76. The stock has a market cap of $2.89 billion, a price-to-earnings ratio of 35.15 and a beta of 1.55. First Trust Cloud Computing ETF has a fifty-two week low of $60.65 and a fifty-two week 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.
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