Cornerstone Wealth Management LLC trimmed its stake in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY – Free Report) by 54.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,123 shares of the company’s stock after selling 4,916 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in First Trust Cloud Computing ETF were worth $676,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also added to or reduced their stakes in SKYY. 71 West Capital Partners bought a new stake in shares of First Trust Cloud Computing ETF in the 3rd quarter valued at $213,000. Kestra Investment Management LLC bought a new stake in First Trust Cloud Computing ETF in the third quarter valued at $255,000. Endowment Wealth Management Inc. raised its holdings in shares of First Trust Cloud Computing ETF by 15.8% during the third quarter. Endowment Wealth Management Inc. now owns 7,463 shares of the company’s stock valued at $1,224,000 after purchasing an additional 1,018 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of First Trust Cloud Computing ETF by 1.1% during the 3rd quarter. Commonwealth Equity Services LLC now owns 62,727 shares of the company’s stock worth $10,287,000 after purchasing an additional 689 shares in the last quarter. Finally, Compass Financial Management LLC increased its position in First Trust Cloud Computing ETF by 360.1% in the 3rd quarter. Compass Financial Management LLC now owns 3,423 shares of the company’s stock valued at $561,000 after buying an additional 2,679 shares in the last quarter.
First Trust Cloud Computing ETF Price Performance
NASDAQ:SKYY opened at $152.51 on Friday. First Trust Cloud Computing ETF has a one year low of $103.76 and a one year high of $175.81. The company has a market cap of $3.15 billion, a PE ratio of 26.23 and a beta of 1.27. The firm has a 50-day moving average of $162.85 and a 200-day moving average of $137.92.
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.
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