UBS Group AG Lowers Position in First Trust Cloud Computing ETF $SKYY

UBS Group AG trimmed its stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 3.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 520,821 shares of the company’s stock after selling 18,175 shares during the quarter. UBS Group AG owned about 2.31% of First Trust Cloud Computing ETF worth $67,748,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in SKYY. Envestnet Asset Management Inc. boosted its stake in First Trust Cloud Computing ETF by 61.1% in the third quarter. Envestnet Asset Management Inc. now owns 154,904 shares of the company’s stock worth $20,822,000 after purchasing an additional 58,740 shares in the last quarter. APS Management Group Inc. acquired a new position in shares of First Trust Cloud Computing ETF during the third quarter worth approximately $663,000. Kingswood Wealth Advisors LLC lifted its position in shares of First Trust Cloud Computing ETF by 394.8% during the third quarter. Kingswood Wealth Advisors LLC now owns 25,941 shares of the company’s stock worth $3,487,000 after purchasing an additional 20,698 shares in the last quarter. SPC Financial Inc. lifted its position in shares of First Trust Cloud Computing ETF by 10.7% during the third quarter. SPC Financial Inc. now owns 51,711 shares of the company’s stock worth $6,951,000 after purchasing an additional 4,978 shares in the last quarter. Finally, Florin Court Capital LLP lifted its position in shares of First Trust Cloud Computing ETF by 96.0% during the third quarter. Florin Court Capital LLP now owns 19,600 shares of the company’s stock worth $2,635,000 after purchasing an additional 9,600 shares in the last quarter.

First Trust Cloud Computing ETF Trading Up 1.8%

Shares of SKYY stock opened at $126.64 on Tuesday. First Trust Cloud Computing ETF has a 1 year low of $103.76 and a 1 year high of $143.74. The firm’s 50 day moving average is $112.53 and its 200-day moving average is $122.85. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 33.85 and a beta of 1.19.

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.