Segment Wealth Management LLC Trims Stock Holdings in First Trust Cloud Computing ETF $SKYY

Segment Wealth Management LLC trimmed its holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 1.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,078 shares of the company’s stock after selling 172 shares during the period. Segment Wealth Management LLC’s holdings in First Trust Cloud Computing ETF were worth $1,469,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. grew its stake in First Trust Cloud Computing ETF by 69.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 481 shares of the company’s stock valued at $50,000 after buying an additional 197 shares in the last quarter. Farther Finance Advisors LLC grew its stake in First Trust Cloud Computing ETF by 615.4% in the 1st quarter. Farther Finance Advisors LLC now owns 279 shares of the company’s stock valued at $29,000 after buying an additional 240 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in First Trust Cloud Computing ETF by 15.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 56,108 shares of the company’s stock valued at $5,736,000 after buying an additional 7,614 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC grew its stake in First Trust Cloud Computing ETF by 7.6% in the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,292 shares of the company’s stock valued at $337,000 after buying an additional 233 shares in the last quarter. Finally, Assetmark Inc. grew its stake in First Trust Cloud Computing ETF by 12.6% in the 1st quarter. Assetmark Inc. now owns 23,779 shares of the company’s stock valued at $2,431,000 after buying an additional 2,655 shares in the last quarter.

First Trust Cloud Computing ETF Trading Down 0.5%

First Trust Cloud Computing ETF stock opened at $135.06 on Friday. First Trust Cloud Computing ETF has a 1-year low of $85.38 and a 1-year high of $138.82. The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of 33.85 and a beta of 1.06. The firm has a 50 day simple moving average of $127.80 and a 200 day simple moving average of $117.02.

First Trust Cloud Computing ETF 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.