Atria Investments Inc Reduces Stock Holdings in First Trust Cloud Computing ETF $SKYY

Atria Investments Inc reduced its stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 5.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,493 shares of the company’s stock after selling 860 shares during the period. Atria Investments Inc’s holdings in First Trust Cloud Computing ETF were worth $2,006,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in SKYY. Raymond James Financial Inc. increased its stake in First Trust Cloud Computing ETF by 104.1% in the first quarter. Raymond James Financial Inc. now owns 550,382 shares of the company’s stock valued at $56,266,000 after purchasing an additional 280,749 shares during the last quarter. LPL Financial LLC increased its stake in First Trust Cloud Computing ETF by 9.7% in the first quarter. LPL Financial LLC now owns 912,898 shares of the company’s stock valued at $93,326,000 after purchasing an additional 80,874 shares during the last quarter. IFP Advisors Inc increased its stake in First Trust Cloud Computing ETF by 224.7% in the first quarter. IFP Advisors Inc now owns 45,763 shares of the company’s stock valued at $4,678,000 after purchasing an additional 31,670 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in First Trust Cloud Computing ETF by 77.8% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 58,051 shares of the company’s stock worth $5,935,000 after buying an additional 25,397 shares during the period. Finally, Meitav Investment House Ltd. increased its position in First Trust Cloud Computing ETF by 197.8% during the second quarter. Meitav Investment House Ltd. now owns 31,764 shares of the company’s stock worth $3,864,000 after buying an additional 21,099 shares during the period.

First Trust Cloud Computing ETF Stock Down 3.8%

SKYY opened at $138.07 on Wednesday. The firm has a market cap of $3.31 billion, a price-to-earnings ratio of 33.85 and a beta of 1.24. First Trust Cloud Computing ETF has a 52 week low of $85.38 and a 52 week high of $143.74. The business’s 50 day moving average is $134.67 and its two-hundred day moving average is $123.05.

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.