Ignite Planners LLC Has $6.53 Million Position in First Trust Cloud Computing ETF $SKYY

Ignite Planners LLC trimmed its position in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 14.2% during the 4th quarter, HoldingsChannel reports. The fund owned 54,770 shares of the company’s stock after selling 9,101 shares during the quarter. First Trust Cloud Computing ETF makes up approximately 1.0% of Ignite Planners LLC’s investment portfolio, making the stock its 22nd biggest holding. Ignite Planners LLC’s holdings in First Trust Cloud Computing ETF were worth $6,525,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. raised its holdings in shares of First Trust Cloud Computing ETF by 12,567.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,301,211 shares of the company’s stock worth $429,422,000 after buying an additional 3,275,151 shares in the last quarter. UBS Group AG boosted its stake in shares of First Trust Cloud Computing ETF by 2.1% in the 3rd quarter. UBS Group AG now owns 538,996 shares of the company’s stock valued at $72,452,000 after purchasing an additional 11,236 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of First Trust Cloud Computing ETF by 7.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 164,762 shares of the company’s stock worth $20,041,000 after purchasing an additional 11,987 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of First Trust Cloud Computing ETF by 61.1% in the 3rd 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 during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in First Trust Cloud Computing ETF by 0.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 134,006 shares of the company’s stock valued at $18,013,000 after purchasing an additional 488 shares during the last quarter.

First Trust Cloud Computing ETF Stock Up 0.4%

NASDAQ:SKYY opened at $129.77 on Friday. The firm has a market cap of $2.67 billion, a PE ratio of 33.85 and a beta of 1.19. First Trust Cloud Computing ETF has a 12 month low of $103.76 and a 12 month high of $143.74. The company’s 50-day moving average price is $117.15 and its two-hundred day moving average price is $122.05.

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.