First Trust Cloud Computing ETF $SKYY Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC cut its stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 65.8% in the third quarter, HoldingsChannel reports. The firm owned 3,980 shares of the company’s stock after selling 7,657 shares during the quarter. International Assets Investment Management LLC’s holdings in First Trust Cloud Computing ETF were worth $665,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of SKYY. Baird Financial Group Inc. increased its position in First Trust Cloud Computing ETF by 4,889.0% during the second quarter. Baird Financial Group Inc. now owns 100,130 shares of the company’s stock worth $13,473,000 after buying an additional 98,123 shares during the period. Navellier & Associates Inc. acquired a new position in First Trust Cloud Computing ETF in the second quarter valued at $8,552,000. Kirkwood Financial Services purchased a new stake in shares of First Trust Cloud Computing ETF in the second quarter valued at about $11,601,000. Independent Financial Group LLC acquired a new stake in shares of First Trust Cloud Computing ETF during the first quarter worth about $5,003,000. Finally, RPg Family Wealth Advisory LLC acquired a new position in First Trust Cloud Computing ETF in the 2nd quarter valued at about $5,687,000.

First Trust Cloud Computing ETF Stock Down 0.5%

SKYY opened at $149.95 on Wednesday. First Trust Cloud Computing ETF has a 52 week low of $103.76 and a 52 week high of $175.81. The business has a 50 day moving average price of $163.31 and a two-hundred day moving average price of $137.50. The company has a market cap of $3.10 billion, a PE ratio of 26.23 and a beta of 1.27.

First Trust Cloud Computing ETF Company 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.