Valley Wealth Managers Inc. Raises Holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Valley Wealth Managers Inc. lifted its stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 1.7% in the third quarter, HoldingsChannel.com reports. The fund owned 39,650 shares of the company’s stock after purchasing an additional 654 shares during the period. Valley Wealth Managers Inc.’s holdings in First Trust Cloud Computing ETF were worth $4,055,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EP Wealth Advisors LLC boosted its holdings in First Trust Cloud Computing ETF by 5.1% in the 1st quarter. EP Wealth Advisors LLC now owns 2,452 shares of the company’s stock worth $234,000 after buying an additional 118 shares during the period. Emerald Advisors LLC lifted its position in shares of First Trust Cloud Computing ETF by 1.6% in the second quarter. Emerald Advisors LLC now owns 7,986 shares of the company’s stock valued at $763,000 after acquiring an additional 122 shares in the last quarter. HBK Sorce Advisory LLC boosted its stake in shares of First Trust Cloud Computing ETF by 3.4% in the first quarter. HBK Sorce Advisory LLC now owns 4,357 shares of the company’s stock worth $417,000 after acquiring an additional 142 shares during the period. CWM LLC grew its position in shares of First Trust Cloud Computing ETF by 1.1% during the third quarter. CWM LLC now owns 13,422 shares of the company’s stock worth $1,373,000 after purchasing an additional 145 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its stake in First Trust Cloud Computing ETF by 0.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 53,563 shares of the company’s stock valued at $5,117,000 after purchasing an additional 159 shares during the period.

First Trust Cloud Computing ETF Stock Down 1.4 %

NASDAQ SKYY traded down $1.69 during trading hours on Friday, reaching $116.50. The company’s stock had a trading volume of 18,920 shares, compared to its average volume of 147,522. First Trust Cloud Computing ETF has a 1 year low of $78.14 and a 1 year high of $121.59. The company has a market capitalization of $3.41 billion, a price-to-earnings ratio of 33.21 and a beta of 1.06. The firm’s 50-day moving average price is $104.47 and its 200-day moving average price is $97.64.

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.