NewEdge Advisors LLC Sells 14,931 Shares of First Trust Cloud Computing ETF $SKYY

NewEdge Advisors LLC reduced its stake in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 43.4% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 19,496 shares of the company’s stock after selling 14,931 shares during the quarter. NewEdge Advisors LLC’s holdings in First Trust Cloud Computing ETF were worth $2,132,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its position in shares of First Trust Cloud Computing ETF by 12,567.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,301,211 shares of the company’s stock valued at $429,422,000 after acquiring an additional 3,275,151 shares during the period. BNP Paribas Financial Markets boosted its stake in First Trust Cloud Computing ETF by 803.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 107,608 shares of the company’s stock worth $14,465,000 after acquiring an additional 95,702 shares during the last quarter. AlphaCore Capital LLC acquired a new position in First Trust Cloud Computing ETF during the fourth quarter valued at approximately $6,823,000. Wells Fargo & Company MN grew its holdings in First Trust Cloud Computing ETF by 16.4% during the fourth quarter. Wells Fargo & Company MN now owns 335,915 shares of the company’s stock valued at $43,696,000 after purchasing an additional 47,229 shares during the period. Finally, Independent Financial Group LLC bought a new stake in First Trust Cloud Computing ETF in the first quarter valued at approximately $5,003,000.

First Trust Cloud Computing ETF Stock Performance

Shares of NASDAQ:SKYY opened at $143.00 on Friday. The company has a 50 day moving average price of $136.74 and a two-hundred day moving average price of $123.94. The company has a market capitalization of $2.89 billion, a PE ratio of 33.85 and a beta of 1.24. First Trust Cloud Computing ETF has a 52 week low of $103.76 and a 52 week high of $155.76.

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.