First Trust Cloud Computing ETF (NASDAQ:SKYY) Shares Sold by Fernwood Investment Management LLC

Fernwood Investment Management LLC cut its holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 19.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,535 shares of the company’s stock after selling 630 shares during the period. Fernwood Investment Management LLC’s holdings in First Trust Cloud Computing ETF were worth $222,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. LPL Financial LLC boosted its stake in First Trust Cloud Computing ETF by 1.9% in the third quarter. LPL Financial LLC now owns 868,932 shares of the company’s stock valued at $65,961,000 after acquiring an additional 16,393 shares in the last quarter. International Assets Investment Management LLC increased its stake in First Trust Cloud Computing ETF by 8,785.2% in the fourth quarter. International Assets Investment Management LLC now owns 311,870 shares of the company’s stock valued at $27,342,000 after purchasing an additional 308,360 shares during the period. Raymond James & Associates raised its holdings in shares of First Trust Cloud Computing ETF by 5.7% in the fourth quarter. Raymond James & Associates now owns 147,672 shares of the company’s stock valued at $12,946,000 after buying an additional 7,914 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of First Trust Cloud Computing ETF by 21.4% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 138,730 shares of the company’s stock worth $12,162,000 after buying an additional 24,473 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in First Trust Cloud Computing ETF by 3.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 112,799 shares of the company’s stock valued at $8,563,000 after acquiring an additional 4,174 shares during the period.

First Trust Cloud Computing ETF Stock Down 0.9 %

SKYY traded down $0.79 on Tuesday, hitting $92.09. 20,633 shares of the company traded hands, compared to its average volume of 185,529. The company has a 50 day moving average of $94.02 and a 200-day moving average of $87.58. First Trust Cloud Computing ETF has a 12-month low of $60.65 and a 12-month high of $97.78. The stock has a market capitalization of $2.98 billion, a PE ratio of 35.15 and a beta of 1.06.

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.