First Trust Cloud Computing ETF $SKYY Shares Sold by Concorde Asset Management LLC

Concorde Asset Management LLC decreased its holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 15.5% in the 1st quarter, HoldingsChannel reports. The fund owned 27,288 shares of the company’s stock after selling 4,999 shares during the quarter. First Trust Cloud Computing ETF comprises about 1.5% of Concorde Asset Management LLC’s investment portfolio, making the stock its 20th biggest holding. Concorde Asset Management LLC’s holdings in First Trust Cloud Computing ETF were worth $2,984,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SKYY. Independent Financial Group LLC acquired a new position in shares of First Trust Cloud Computing ETF during the 1st quarter worth $5,003,000. Osbon Capital Management LLC acquired a new stake in shares of First Trust Cloud Computing ETF in the fourth quarter valued at about $1,093,000. San Luis Wealth Advisors LLC acquired a new stake in shares of First Trust Cloud Computing ETF in the fourth quarter valued at about $801,000. Evelyn Partners Investment Management Europe Ltd purchased a new stake in First Trust Cloud Computing ETF during the fourth quarter worth about $5,508,000. Finally, Rockefeller Capital Management L.P. boosted its holdings in First Trust Cloud Computing ETF by 9.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 72,163 shares of the company’s stock worth $9,387,000 after buying an additional 6,430 shares in the last quarter.

First Trust Cloud Computing ETF Trading Up 2.1%

Shares of SKYY opened at $143.00 on Friday. The firm’s 50-day moving average is $136.74 and its two-hundred day moving average is $123.94. First Trust Cloud Computing ETF has a twelve month low of $103.76 and a twelve month high of $155.76. The firm has a market capitalization of $2.89 billion, a P/E ratio of 33.85 and a beta of 1.24.

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.