First Trust Cloud Computing ETF (NASDAQ:SKYY) Shares Sold by Kraft Davis & Associates LLC

Kraft Davis & Associates LLC trimmed its position in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 8.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,889 shares of the company’s stock after selling 1,107 shares during the period. Kraft Davis & Associates LLC’s holdings in First Trust Cloud Computing ETF were worth $1,086,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of First Trust Cloud Computing ETF during the 4th quarter worth $5,468,000. Raymond James Financial Services Advisors Inc. lifted its stake 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 purchasing an additional 24,473 shares in the last quarter. International Assets Investment Management LLC lifted its stake in shares of First Trust Cloud Computing ETF by 8,785.2% during the fourth quarter. International Assets Investment Management LLC now owns 311,870 shares of the company’s stock worth $27,342,000 after purchasing an additional 308,360 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of First Trust Cloud Computing ETF in the third quarter valued at about $351,000. Finally, Global Retirement Partners LLC raised its holdings in shares of First Trust Cloud Computing ETF by 344.3% during the 4th quarter. Global Retirement Partners LLC now owns 2,968 shares of the company’s stock valued at $259,000 after buying an additional 2,300 shares during the period.

First Trust Cloud Computing ETF Price Performance

First Trust Cloud Computing ETF stock traded down $1.33 during midday trading on Friday, hitting $88.77. 112,829 shares of the company were exchanged, compared to its average volume of 193,186. The company has a market cap of $2.89 billion, a PE ratio of 35.15 and a beta of 1.55. First Trust Cloud Computing ETF has a fifty-two week low of $60.65 and a fifty-two week high of $97.78. The company’s fifty day moving average price is $94.28 and its 200-day moving average price is $86.76.

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.