First Trust Cloud Computing ETF $SKYY Stake Lessened by Plotkin Financial Advisors LLC

Plotkin Financial Advisors LLC lessened its stake in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 4.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,165 shares of the company’s stock after selling 1,276 shares during the quarter. First Trust Cloud Computing ETF comprises about 1.9% of Plotkin Financial Advisors LLC’s investment portfolio, making the stock its 16th biggest holding. Plotkin Financial Advisors LLC owned 0.10% of First Trust Cloud Computing ETF worth $3,426,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SKYY. Raymond James Financial Inc. boosted its stake in First Trust Cloud Computing ETF by 104.1% during the 1st quarter. Raymond James Financial Inc. now owns 550,382 shares of the company’s stock valued at $56,266,000 after purchasing an additional 280,749 shares in the last quarter. LPL Financial LLC raised its stake in shares of First Trust Cloud Computing ETF by 9.7% in the 1st quarter. LPL Financial LLC now owns 912,898 shares of the company’s stock worth $93,326,000 after buying an additional 80,874 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of First Trust Cloud Computing ETF by 224.7% in the first quarter. IFP Advisors Inc now owns 45,763 shares of the company’s stock valued at $4,678,000 after buying an additional 31,670 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in First Trust Cloud Computing ETF by 77.8% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 58,051 shares of the company’s stock valued at $5,935,000 after buying an additional 25,397 shares in the last quarter. Finally, Meitav Investment House Ltd. boosted its stake in First Trust Cloud Computing ETF by 197.8% during the second quarter. Meitav Investment House Ltd. now owns 31,764 shares of the company’s stock valued at $3,864,000 after buying an additional 21,099 shares in the last quarter.

First Trust Cloud Computing ETF Stock Down 0.0%

NASDAQ:SKYY opened at $131.95 on Friday. The business’s 50-day moving average price is $136.08 and its 200 day moving average price is $124.93. First Trust Cloud Computing ETF has a 52-week low of $85.38 and a 52-week high of $143.74. The firm has a market cap of $3.16 billion, a P/E ratio of 33.85 and a beta of 1.24.

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.