First Trust Cloud Computing ETF $SKYY Shares Sold by Ignite Planners LLC

Ignite Planners LLC lowered its position in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 14.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,770 shares of the company’s stock after selling 9,101 shares during the quarter. First Trust Cloud Computing ETF accounts for 1.0% of Ignite Planners LLC’s investment portfolio, making the stock its 22nd biggest position. Ignite Planners LLC owned 0.25% of First Trust Cloud Computing ETF worth $6,525,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. grew its stake in First Trust Cloud Computing ETF by 786.5% during the fourth quarter. BOK Financial Private Wealth Inc. now owns 1,773 shares of the company’s stock worth $231,000 after buying an additional 1,573 shares during the period. Global Retirement Partners LLC raised its position in First Trust Cloud Computing ETF by 10.4% in the fourth quarter. Global Retirement Partners LLC now owns 2,677 shares of the company’s stock valued at $348,000 after purchasing an additional 253 shares during the period. Great Diamond Partners LLC lifted its stake in shares of First Trust Cloud Computing ETF by 6.1% during the fourth quarter. Great Diamond Partners LLC now owns 19,459 shares of the company’s stock worth $2,531,000 after purchasing an additional 1,116 shares in the last quarter. Rathbones Group PLC boosted its position in shares of First Trust Cloud Computing ETF by 20.6% in the fourth quarter. Rathbones Group PLC now owns 7,907 shares of the company’s stock worth $1,029,000 after buying an additional 1,350 shares during the period. Finally, Northbridge Financial Group LLC acquired a new stake in shares of First Trust Cloud Computing ETF in the fourth quarter valued at about $543,000.

First Trust Cloud Computing ETF Stock Performance

Shares of NASDAQ:SKYY opened at $129.77 on Friday. The company has a market cap of $2.67 billion, a P/E ratio of 33.85 and a beta of 1.19. First Trust Cloud Computing ETF has a one year low of $103.76 and a one year high of $143.74. The business’s 50-day simple moving average is $117.15 and its 200 day simple moving average is $122.05.

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.