Cascade Investment Group Inc. Cuts Holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Cascade Investment Group Inc. lessened its stake in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 7.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,062 shares of the company’s stock after selling 1,863 shares during the period. First Trust Cloud Computing ETF accounts for 1.8% of Cascade Investment Group Inc.’s portfolio, making the stock its 10th largest holding. Cascade Investment Group Inc. owned 0.08% of First Trust Cloud Computing ETF worth $2,461,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. EdgeRock Capital LLC acquired a new stake in First Trust Cloud Computing ETF in the 2nd quarter valued at approximately $33,000. PFS Partners LLC bought a new stake in First Trust Cloud Computing ETF in the 1st quarter valued at $43,000. VitalStone Financial LLC increased its holdings in shares of First Trust Cloud Computing ETF by 44.4% during the 1st quarter. VitalStone Financial LLC now owns 465 shares of the company’s stock worth $44,000 after purchasing an additional 143 shares during the period. Future Financial Wealth Managment LLC acquired a new position in shares of First Trust Cloud Computing ETF during the first quarter valued at about $48,000. Finally, Blue Trust Inc. acquired a new position in shares of First Trust Cloud Computing ETF during the second quarter valued at about $48,000.

First Trust Cloud Computing ETF Stock Down 0.7 %

Shares of SKYY opened at $105.80 on Wednesday. The stock’s 50-day moving average price is $98.54 and its 200 day moving average price is $95.24. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of 33.21 and a beta of 1.06. First Trust Cloud Computing ETF has a 12-month low of $70.42 and a 12-month high of $107.05.

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.