First Trust Cloud Computing ETF (NASDAQ:SKYY) Shares Sold by Flagstar Advisors Inc.

Flagstar Advisors Inc. decreased its position in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 10.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,636 shares of the company’s stock after selling 424 shares during the quarter. Flagstar Advisors Inc.’s holdings in First Trust Cloud Computing ETF were worth $433,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Wealthcare Advisory Partners LLC grew its position in shares of First Trust Cloud Computing ETF by 29.1% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 3,984 shares of the company’s stock worth $475,000 after acquiring an additional 899 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of First Trust Cloud Computing ETF by 4.0% during the third quarter. JPMorgan Chase & Co. now owns 147,336 shares of the company’s stock worth $15,067,000 after acquiring an additional 5,620 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of First Trust Cloud Computing ETF by 77.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 284 shares of the company’s stock worth $34,000 after acquiring an additional 124 shares during the last quarter. US Bancorp DE grew its position in shares of First Trust Cloud Computing ETF by 8.2% during the third quarter. US Bancorp DE now owns 6,220 shares of the company’s stock worth $636,000 after acquiring an additional 472 shares during the last quarter. Finally, Creative Planning grew its position in shares of First Trust Cloud Computing ETF by 8.0% during the third quarter. Creative Planning now owns 11,929 shares of the company’s stock worth $1,220,000 after acquiring an additional 885 shares during the last quarter.

First Trust Cloud Computing ETF Trading Down 1.4 %

Shares of SKYY opened at $128.87 on Thursday. The firm has a market cap of $3.96 billion, a PE ratio of 33.21 and a beta of 1.06. The company’s 50 day simple moving average is $124.76 and its 200-day simple moving average is $112.53. First Trust Cloud Computing ETF has a 12-month low of $83.45 and a 12-month high of $131.54.

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.