Acorn Creek Capital LLC Has $1.05 Million Holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Acorn Creek Capital LLC decreased its position in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 6.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,804 shares of the company’s stock after selling 656 shares during the period. First Trust Cloud Computing ETF comprises 0.5% of Acorn Creek Capital LLC’s holdings, making the stock its 21st largest holding. Acorn Creek Capital LLC’s holdings in First Trust Cloud Computing ETF were worth $1,049,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in SKYY. Morse Asset Management Inc acquired a new stake in shares of First Trust Cloud Computing ETF in the 3rd quarter valued at approximately $40,000. Values First Advisors Inc. acquired a new stake in First Trust Cloud Computing ETF in the third quarter valued at approximately $49,000. Anchor Investment Management LLC grew its stake in shares of First Trust Cloud Computing ETF by 53.4% during the second quarter. Anchor Investment Management LLC now owns 675 shares of the company’s stock worth $64,000 after buying an additional 235 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of First Trust Cloud Computing ETF in the 3rd quarter valued at $65,000. Finally, GAMMA Investing LLC lifted its stake in shares of First Trust Cloud Computing ETF by 37.2% in the 3rd quarter. GAMMA Investing LLC now owns 738 shares of the company’s stock valued at $75,000 after acquiring an additional 200 shares during the last quarter.

First Trust Cloud Computing ETF Stock Down 2.9 %

Shares of SKYY stock opened at $123.72 on Tuesday. First Trust Cloud Computing ETF has a twelve month low of $83.45 and a twelve month high of $131.13. The stock’s fifty day simple moving average is $122.71 and its 200 day simple moving average is $108.26. The firm has a market capitalization of $3.74 billion, a P/E ratio of 33.21 and a beta of 1.06.

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.