PFG Investments LLC Trims Stake in First Trust Cloud Computing ETF (NASDAQ:SKYY)

PFG Investments LLC reduced its stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 2.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,220 shares of the company’s stock after selling 180 shares during the quarter. PFG Investments LLC’s holdings in First Trust Cloud Computing ETF were worth $636,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. EdgeRock Capital LLC bought a new position in shares of First Trust Cloud Computing ETF in the second quarter worth about $33,000. VitalStone Financial LLC raised its stake in First Trust Cloud Computing ETF by 44.4% during the 1st quarter. VitalStone Financial LLC now owns 465 shares of the company’s stock worth $44,000 after acquiring an additional 143 shares during the period. Values First Advisors Inc. purchased a new position in First Trust Cloud Computing ETF during the third quarter valued at approximately $49,000. Blue Trust Inc. bought a new position in shares of First Trust Cloud Computing ETF in the second quarter worth approximately $48,000. Finally, Banque Cantonale Vaudoise purchased a new stake in shares of First Trust Cloud Computing ETF in the second quarter worth $54,000.

First Trust Cloud Computing ETF Stock Performance

SKYY opened at $105.61 on Tuesday. The stock has a market cap of $3.09 billion, a price-to-earnings ratio of 33.21 and a beta of 1.06. The firm’s fifty day moving average is $100.59 and its 200 day moving average is $95.83. First Trust Cloud Computing ETF has a fifty-two week low of $71.26 and a fifty-two week high of $107.74.

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.