First Trust Cloud Computing ETF $SKYY Position Lessened by Flaharty Asset Management LLC

Flaharty Asset Management LLC lowered its stake in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 93.3% in the second quarter, HoldingsChannel reports. The firm owned 10,992 shares of the company’s stock after selling 152,823 shares during the quarter. First Trust Cloud Computing ETF makes up approximately 2.1% of Flaharty Asset Management LLC’s holdings, making the stock its 24th largest holding. Flaharty Asset Management LLC’s holdings in First Trust Cloud Computing ETF were worth $1,487,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Beacon Investment Advisory Services Inc. acquired a new stake in First Trust Cloud Computing ETF in the second quarter worth $52,000. RDA Financial Network bought a new stake in First Trust Cloud Computing ETF in the second quarter valued at $244,000. FAS Wealth Partners Inc. lifted its stake in First Trust Cloud Computing ETF by 333.3% in the first quarter. FAS Wealth Partners Inc. now owns 585 shares of the company’s stock valued at $64,000 after buying an additional 450 shares during the last quarter. Rathbones Group PLC boosted its holdings in shares of First Trust Cloud Computing ETF by 2.3% during the first quarter. Rathbones Group PLC now owns 8,086 shares of the company’s stock valued at $884,000 after acquiring an additional 179 shares during the period. Finally, Parallel Advisors LLC boosted its holdings in shares of First Trust Cloud Computing ETF by 1,206.0% during the first quarter. Parallel Advisors LLC now owns 2,181 shares of the company’s stock valued at $239,000 after acquiring an additional 2,014 shares during the period.

First Trust Cloud Computing ETF Stock Performance

First Trust Cloud Computing ETF stock opened at $156.17 on Friday. The company has a 50-day simple moving average of $138.40 and a 200-day simple moving average of $124.83. The firm has a market capitalization of $3.12 billion, a P/E ratio of 33.85 and a beta of 1.24. First Trust Cloud Computing ETF has a one year low of $103.76 and a one year high of $156.54.

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.