Summit Investment Advisors Inc. Has $687,000 Stock Holdings in First Trust Cloud Computing ETF $SKYY

Summit Investment Advisors Inc. decreased its position in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 8.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,720 shares of the company’s stock after selling 615 shares during the period. Summit Investment Advisors Inc.’s holdings in First Trust Cloud Computing ETF were worth $687,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. JFS Wealth Advisors LLC grew its stake in shares of First Trust Cloud Computing ETF by 114.3% in the second quarter. JFS Wealth Advisors LLC now owns 375 shares of the company’s stock valued at $46,000 after acquiring an additional 200 shares in the last quarter. Advisors Preferred LLC acquired a new stake in First Trust Cloud Computing ETF in the 2nd quarter worth about $47,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in First Trust Cloud Computing ETF by 73.0% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 614 shares of the company’s stock worth $75,000 after purchasing an additional 259 shares in the last quarter. Banque Cantonale Vaudoise bought a new stake in First Trust Cloud Computing ETF in the 1st quarter valued at about $67,000. Finally, Huntington National Bank boosted its holdings in First Trust Cloud Computing ETF by 190.9% in the 2nd quarter. Huntington National Bank now owns 800 shares of the company’s stock valued at $97,000 after purchasing an additional 525 shares during the period.

First Trust Cloud Computing ETF Trading Down 0.9%

Shares of SKYY opened at $136.26 on Thursday. First Trust Cloud Computing ETF has a 12 month low of $85.38 and a 12 month high of $143.74. The firm’s 50 day moving average is $135.94 and its 200-day moving average is $124.54. The stock has a market capitalization of $3.26 billion, a PE ratio of 33.85 and a beta of 1.24.

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.