First Trust Cloud Computing ETF $SKYY Stock: Valley Wealth Managers Inc. Lowers Position

Valley Wealth Managers Inc. lessened its position in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 18.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,865 shares of the company’s stock after selling 6,154 shares during the period. Valley Wealth Managers Inc. owned about 0.13% of First Trust Cloud Computing ETF worth $4,406,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. GK Wealth Management LLC acquired a new position in First Trust Cloud Computing ETF in the 3rd quarter valued at $29,000. Polaris Financial Partners acquired a new stake in shares of First Trust Cloud Computing ETF during the third quarter worth $263,000. Stonebridge Financial Group LLC purchased a new stake in shares of First Trust Cloud Computing ETF in the third quarter valued at $474,000. Anchor Investment Management LLC grew its position in shares of First Trust Cloud Computing ETF by 41.7% in the second quarter. Anchor Investment Management LLC now owns 1,039 shares of the company’s stock valued at $140,000 after purchasing an additional 306 shares during the period. Finally, Bullseye Investment Management LLC acquired a new position in First Trust Cloud Computing ETF in the second quarter valued at $74,000.

First Trust Cloud Computing ETF Trading Up 2.8%

NASDAQ SKYY opened at $174.88 on Friday. The business’s 50-day moving average price is $162.59 and its 200 day moving average price is $140.25. First Trust Cloud Computing ETF has a twelve month low of $103.76 and a twelve month high of $174.95. The company has a market capitalization of $3.54 billion, a PE ratio of 33.85 and a beta of 1.27.

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.