Warner Group LLC decreased its stake in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY – Free Report) by 91.1% in the first quarter, HoldingsChannel reports. The institutional investor owned 2,473 shares of the company’s stock after selling 25,286 shares during the period. Warner Group LLC’s holdings in First Trust Cloud Computing ETF were worth $270,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Howe & Rusling Inc. bought a new position in First Trust Cloud Computing ETF in the 1st quarter worth about $42,000. Moran Wealth Management LLC raised its stake in shares of First Trust Cloud Computing ETF by 17.7% during the first quarter. Moran Wealth Management LLC now owns 10,606 shares of the company’s stock valued at $1,160,000 after acquiring an additional 1,594 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of First Trust Cloud Computing ETF during the first quarter valued at approximately $238,000. North Star Investment Management Corp. purchased a new stake in shares of First Trust Cloud Computing ETF in the first quarter valued at approximately $59,000. Finally, Apollon Financial LLC boosted its holdings in shares of First Trust Cloud Computing ETF by 2.0% in the first quarter. Apollon Financial LLC now owns 11,805 shares of the company’s stock valued at $1,291,000 after purchasing an additional 226 shares during the period.
First Trust Cloud Computing ETF Stock Up 1.1%
Shares of NASDAQ:SKYY opened at $139.01 on Wednesday. The business’s 50 day moving average is $132.89 and its 200 day moving average is $123.07. The stock has a market cap of $2.81 billion, a P/E ratio of 33.85 and a beta of 1.24. First Trust Cloud Computing ETF has a 52-week low of $103.76 and a 52-week high of $155.76.
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.
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