AlphaStar Capital Management LLC Has $341,000 Stake in First Trust Cloud Computing ETF (NASDAQ:SKYY)

AlphaStar Capital Management LLC reduced its stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 7.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,859 shares of the company’s stock after selling 216 shares during the quarter. AlphaStar Capital Management LLC’s holdings in First Trust Cloud Computing ETF were worth $341,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in SKYY. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of First Trust Cloud Computing ETF by 77.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 284 shares of the company’s stock worth $34,000 after buying an additional 124 shares during the period. Morse Asset Management Inc acquired a new position in First Trust Cloud Computing ETF during the 3rd quarter worth $40,000. Values First Advisors Inc. bought a new stake in First Trust Cloud Computing ETF during the third quarter valued at about $49,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of First Trust Cloud Computing ETF in the third quarter valued at about $65,000. Finally, GAMMA Investing LLC increased its stake in shares of First Trust Cloud Computing ETF by 37.2% in the third quarter. GAMMA Investing LLC now owns 738 shares of the company’s stock worth $75,000 after purchasing an additional 200 shares during the period.

First Trust Cloud Computing ETF Stock Down 0.2 %

Shares of NASDAQ:SKYY opened at $128.94 on Monday. The company has a market cap of $3.96 billion, a price-to-earnings ratio of 33.21 and a beta of 1.06. The business has a 50 day moving average price of $124.18 and a 200 day moving average price of $110.45. First Trust Cloud Computing ETF has a twelve month low of $83.45 and a twelve month high of $131.13.

About First Trust Cloud Computing ETF

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.