First Trust Cloud Computing ETF $SKYY Shares Sold by Reliant Investment Partners LLC

Reliant Investment Partners LLC cut its position in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 2.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 5,511 shares of the company’s stock after selling 150 shares during the quarter. Reliant Investment Partners LLC’s holdings in First Trust Cloud Computing ETF were worth $670,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of First Trust Cloud Computing ETF by 69.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 481 shares of the company’s stock worth $50,000 after acquiring an additional 197 shares in the last quarter. Golden State Wealth Management LLC increased its stake in shares of First Trust Cloud Computing ETF by 11.5% in the 1st quarter. Golden State Wealth Management LLC now owns 18,436 shares of the company’s stock valued at $1,885,000 after purchasing an additional 1,907 shares in the last quarter. Mutual Advisors LLC raised its holdings in First Trust Cloud Computing ETF by 78.6% in the 1st quarter. Mutual Advisors LLC now owns 9,252 shares of the company’s stock worth $956,000 after purchasing an additional 4,073 shares during the period. Capital Investment Advisory Services LLC boosted its position in First Trust Cloud Computing ETF by 2.8% during the first quarter. Capital Investment Advisory Services LLC now owns 27,265 shares of the company’s stock worth $2,787,000 after purchasing an additional 745 shares in the last quarter. Finally, China Universal Asset Management Co. Ltd. purchased a new position in First Trust Cloud Computing ETF during the first quarter worth approximately $66,000.

First Trust Cloud Computing ETF Trading Up 1.7%

Shares of SKYY opened at $140.79 on Tuesday. The firm has a market cap of $3.39 billion, a P/E ratio of 33.85 and a beta of 1.06. First Trust Cloud Computing ETF has a 12 month low of $85.38 and a 12 month high of $140.81. The stock’s 50 day moving average is $132.22 and its two-hundred day moving average is $120.98.

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.