Oppenheimer & Co. Inc. lowered its stake in First Trust Cloud Computing ETF (NASDAQ:SKYY – Free Report) by 16.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,787 shares of the company’s stock after selling 3,959 shares during the period. Oppenheimer & Co. Inc. owned 0.10% of First Trust Cloud Computing ETF worth $2,797,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in SKYY. Regent Peak Wealth Advisors LLC purchased a new position in First Trust Cloud Computing ETF during the 2nd quarter valued at $206,000. Beacon Investment Advisory Services Inc. purchased a new stake in shares of First Trust Cloud Computing ETF in the 2nd quarter worth about $52,000. RDA Financial Network purchased a new stake in shares of First Trust Cloud Computing ETF in the 2nd quarter worth about $244,000. FAS Wealth Partners Inc. boosted its stake in shares of First Trust Cloud Computing ETF by 333.3% during the 1st quarter. FAS Wealth Partners Inc. now owns 585 shares of the company’s stock valued at $64,000 after purchasing an additional 450 shares in the last quarter. Finally, Rathbones Group PLC boosted its stake in shares of First Trust Cloud Computing ETF by 2.3% during the 1st quarter. Rathbones Group PLC now owns 8,086 shares of the company’s stock valued at $884,000 after purchasing an additional 179 shares in the last quarter.
First Trust Cloud Computing ETF Price Performance
Shares of NASDAQ SKYY opened at $165.34 on Friday. First Trust Cloud Computing ETF has a 1 year low of $103.76 and a 1 year high of $169.05. The company’s 50-day moving average is $139.84 and its 200 day moving average is $126.28. The stock has a market capitalization of $3.31 billion, a P/E ratio of 33.85 and a beta of 1.24.
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.
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