Ameritas Advisory Services LLC Trims Stock Position in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Ameritas Advisory Services LLC cut its stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 4.9% in the second quarter, Holdings Channel.com reports. The fund owned 26,384 shares of the company’s stock after selling 1,369 shares during the quarter. Ameritas Advisory Services LLC’s holdings in First Trust Cloud Computing ETF were worth $2,520,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of SKYY. GAMMA Investing LLC acquired a new position in First Trust Cloud Computing ETF in the fourth quarter valued at $45,000. Atria Wealth Solutions Inc. increased its stake in First Trust Cloud Computing ETF by 2.1% in the fourth quarter. Atria Wealth Solutions Inc. now owns 23,727 shares of the company’s stock valued at $2,080,000 after purchasing an additional 497 shares during the period. Transcend Capital Advisors LLC acquired a new position in First Trust Cloud Computing ETF in the fourth quarter valued at $218,000. Silver Oak Securities Incorporated acquired a new position in First Trust Cloud Computing ETF in the fourth quarter valued at $276,000. Finally, Kestra Private Wealth Services LLC increased its stake in First Trust Cloud Computing ETF by 7.2% in the fourth quarter. Kestra Private Wealth Services LLC now owns 11,560 shares of the company’s stock valued at $1,013,000 after purchasing an additional 775 shares during the period.

First Trust Cloud Computing ETF Stock Performance

NASDAQ SKYY traded up $1.07 during trading on Thursday, reaching $96.78. The company’s stock had a trading volume of 121,174 shares, compared to its average volume of 152,334. The firm has a market cap of $2.97 billion, a price-to-earnings ratio of 33.21 and a beta of 1.06. First Trust Cloud Computing ETF has a twelve month low of $70.42 and a twelve month high of $98.50. The business’s fifty day moving average price is $94.54 and its 200-day moving average price is $93.93.

First Trust Cloud Computing ETF Company 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.