First Trust Cloud Computing ETF (NASDAQ:SKYY) Shares Sold by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. lessened its holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 1.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,354 shares of the company’s stock after selling 145 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in First Trust Cloud Computing ETF were worth $645,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in SKYY. CWM LLC boosted its holdings in First Trust Cloud Computing ETF by 6.6% in the third quarter. CWM LLC now owns 13,738 shares of the company’s stock worth $1,043,000 after purchasing an additional 849 shares during the period. Dakota Wealth Management acquired a new position in First Trust Cloud Computing ETF in the third quarter worth $1,865,000. Raymond James & Associates boosted its holdings in First Trust Cloud Computing ETF by 14.2% in the third quarter. Raymond James & Associates now owns 139,758 shares of the company’s stock worth $10,609,000 after purchasing an additional 17,391 shares during the period. Eudaimonia Advisors LLC acquired a new position in First Trust Cloud Computing ETF in the third quarter worth $562,000. Finally, Eudaimonia Partners LLC acquired a new position in First Trust Cloud Computing ETF in the third quarter worth $495,000.

First Trust Cloud Computing ETF Price Performance

First Trust Cloud Computing ETF stock opened at $89.87 on Tuesday. The company has a market cap of $2.93 billion, a PE ratio of 35.15 and a beta of 1.06. First Trust Cloud Computing ETF has a 12 month low of $60.65 and a 12 month high of $97.78. The company has a fifty day moving average price of $94.16 and a two-hundred day moving average price of $87.04.

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.