Oppenheimer & Co. Inc. Lowers Position in First Trust Cloud Computing ETF $SKYY

Oppenheimer & Co. Inc. lessened its position in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 16.0% in the second quarter, HoldingsChannel reports. The firm owned 20,787 shares of the company’s stock after selling 3,959 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in First Trust Cloud Computing ETF were worth $2,797,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Parallel Advisors LLC grew its stake in First Trust Cloud Computing ETF by 97.0% in the third quarter. Parallel Advisors LLC now owns 197 shares of the company’s stock worth $26,000 after purchasing an additional 97 shares during the period. N.E.W. Advisory Services LLC purchased a new position in First Trust Cloud Computing ETF during the fourth quarter valued at $30,000. Franklin Resources Inc. purchased a new position in First Trust Cloud Computing ETF during the fourth quarter valued at $33,000. Russell Investments Group Ltd. lifted its position in First Trust Cloud Computing ETF by 177.9% during the fourth quarter. Russell Investments Group Ltd. now owns 289 shares of the company’s stock valued at $38,000 after buying an additional 185 shares during the period. Finally, Capital Advisors Ltd. LLC bought a new stake in shares of First Trust Cloud Computing ETF during the 1st quarter valued at $35,000.

First Trust Cloud Computing ETF Trading Down 2.1%

Shares of SKYY stock opened at $165.34 on Friday. The company’s fifty day moving average price is $139.84 and its 200-day moving average price is $126.28. The stock has a market cap of $3.31 billion, a PE ratio of 33.85 and a beta of 1.24. First Trust Cloud Computing ETF has a 12 month low of $103.76 and a 12 month high of $169.05.

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.