D.A. Davidson & CO. Decreases Stake in First Trust Cloud Computing ETF $SKYY

D.A. Davidson & CO. decreased its position in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 10.6% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 22,287 shares of the company’s stock after selling 2,633 shares during the period. D.A. Davidson & CO.’s holdings in First Trust Cloud Computing ETF were worth $2,711,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JFS Wealth Advisors LLC grew its position in shares of First Trust Cloud Computing ETF by 114.3% during the 2nd quarter. JFS Wealth Advisors LLC now owns 375 shares of the company’s stock valued at $46,000 after acquiring an additional 200 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in First Trust Cloud Computing ETF by 69.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 481 shares of the company’s stock worth $50,000 after buying an additional 197 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in First Trust Cloud Computing ETF by 73.0% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 614 shares of the company’s stock worth $75,000 after buying an additional 259 shares during the period. China Universal Asset Management Co. Ltd. bought a new position in First Trust Cloud Computing ETF in the 1st quarter worth approximately $66,000. Finally, Banque Cantonale Vaudoise bought a new position in First Trust Cloud Computing ETF in the 1st quarter worth approximately $67,000.

First Trust Cloud Computing ETF Trading Up 1.3%

SKYY opened at $138.50 on Friday. The company has a 50 day moving average of $131.85 and a 200 day moving average of $120.56. The company has a market cap of $3.33 billion, a PE ratio of 33.85 and a beta of 1.06. First Trust Cloud Computing ETF has a 12 month low of $85.38 and a 12 month high of $139.50.

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.