IFP Advisors Inc trimmed its position in First Trust Cloud Computing ETF (NASDAQ:SKYY – Free Report) by 4.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,093 shares of the company’s stock after selling 584 shares during the quarter. IFP Advisors Inc’s holdings in First Trust Cloud Computing ETF were worth $1,679,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. PNC Financial Services Group Inc. raised its holdings in First Trust Cloud Computing ETF by 86.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 177,430 shares of the company’s stock worth $18,144,000 after acquiring an additional 82,121 shares during the period. Benjamin Edwards Inc. acquired a new stake in shares of First Trust Cloud Computing ETF in the third quarter valued at about $5,373,000. Private Advisor Group LLC increased its stake in shares of First Trust Cloud Computing ETF by 34.2% in the fourth quarter. Private Advisor Group LLC now owns 161,588 shares of the company’s stock worth $19,248,000 after purchasing an additional 41,222 shares during the period. Plotkin Financial Advisors LLC acquired a new position in shares of First Trust Cloud Computing ETF during the 3rd quarter worth about $3,062,000. Finally, Great Diamond Partners LLC acquired a new position in shares of First Trust Cloud Computing ETF during the 3rd quarter worth about $2,019,000.
First Trust Cloud Computing ETF Stock Up 1.2 %
SKYY opened at $119.68 on Thursday. The stock’s 50 day moving average price is $124.36 and its two-hundred day moving average price is $113.64. The firm has a market capitalization of $3.68 billion, a P/E ratio of 33.21 and a beta of 1.06. First Trust Cloud Computing ETF has a 12-month low of $83.45 and a 12-month high of $131.54.
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.
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