Migdal Insurance & Financial Holdings Ltd. Decreases Stock Holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Migdal Insurance & Financial Holdings Ltd. trimmed its position in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 19.6% during the 4th quarter, Holdings Channel reports. The fund owned 4,194 shares of the company’s stock after selling 1,025 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in First Trust Cloud Computing ETF were worth $502,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of SKYY. International Assets Investment Management LLC raised its holdings in shares of First Trust Cloud Computing ETF by 11,038.7% during the 3rd quarter. International Assets Investment Management LLC now owns 412,243 shares of the company’s stock worth $42,156,000 after acquiring an additional 408,542 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of First Trust Cloud Computing ETF by 86.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 177,430 shares of the company’s stock valued at $18,144,000 after purchasing an additional 82,121 shares during the last quarter. Benjamin Edwards Inc. bought a new position in shares of First Trust Cloud Computing ETF during the 3rd quarter valued at approximately $5,373,000. Plotkin Financial Advisors LLC bought a new position in shares of First Trust Cloud Computing ETF during the 3rd quarter valued at approximately $3,062,000. Finally, Private Advisor Group LLC increased its position in shares of First Trust Cloud Computing ETF by 20.6% during the 3rd quarter. Private Advisor Group LLC now owns 120,366 shares of the company’s stock valued at $12,309,000 after purchasing an additional 20,559 shares during the last quarter.

First Trust Cloud Computing ETF Stock Performance

NASDAQ SKYY opened at $128.94 on Friday. The company has a market cap of $3.96 billion, a P/E ratio of 33.21 and a beta of 1.06. The business’s 50 day moving average price is $124.04 and its 200-day moving average price is $110.11. First Trust Cloud Computing ETF has a fifty-two week low of $83.45 and a fifty-two week high of $131.13.

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.