First Trust Cloud Computing ETF (NASDAQ:SKYY) Shares Sold by 1776 Wealth LLC

1776 Wealth LLC trimmed its position in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 4.8% during the third quarter, HoldingsChannel.com reports. The firm owned 10,594 shares of the company’s stock after selling 533 shares during the quarter. 1776 Wealth LLC’s holdings in First Trust Cloud Computing ETF were worth $1,083,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. International Assets Investment Management LLC grew its stake in First Trust Cloud Computing ETF by 11,038.7% in the third quarter. International Assets Investment Management LLC now owns 412,243 shares of the company’s stock worth $42,156,000 after purchasing an additional 408,542 shares in the last quarter. Raymond James & Associates boosted its position in shares of First Trust Cloud Computing ETF by 9.2% during the third quarter. Raymond James & Associates now owns 162,068 shares of the company’s stock worth $16,573,000 after buying an additional 13,689 shares during the period. Main Management ETF Advisors LLC grew its stake in shares of First Trust Cloud Computing ETF by 0.8% in the second quarter. Main Management ETF Advisors LLC now owns 155,600 shares of the company’s stock worth $14,864,000 after purchasing an additional 1,200 shares in the last quarter. Private Advisor Group LLC increased its stake in First Trust Cloud Computing ETF by 20.6% during the 3rd quarter. Private Advisor Group LLC now owns 120,366 shares of the company’s stock valued at $12,309,000 after buying an additional 20,559 shares during the period. Finally, Cetera Investment Advisers raised its position in shares of First Trust Cloud Computing ETF by 1,277.0% during the 1st quarter. Cetera Investment Advisers now owns 74,135 shares of the company’s stock worth $7,087,000 after buying an additional 68,751 shares in the last quarter.

First Trust Cloud Computing ETF Stock Performance

Shares of SKYY stock traded down $2.61 during mid-day trading on Friday, hitting $115.58. 127,012 shares of the stock traded hands, compared to its average volume of 148,009. First Trust Cloud Computing ETF has a twelve month low of $78.14 and a twelve month high of $121.59. The firm has a market cap of $3.39 billion, a price-to-earnings ratio of 33.21 and a beta of 1.06. The company’s 50-day simple moving average is $105.37 and its 200-day simple moving average is $97.94.

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.