IFP Advisors Inc Has $1.68 Million Position in First Trust Cloud Computing ETF (NASDAQ:SKYY)

IFP Advisors Inc lessened its stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 4.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,093 shares of the company’s stock after selling 584 shares during the period. IFP Advisors Inc’s holdings in First Trust Cloud Computing ETF were worth $1,679,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of First Trust Cloud Computing ETF by 77.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 284 shares of the company’s stock worth $34,000 after acquiring an additional 124 shares during the period. Morse Asset Management Inc acquired a new position in shares of First Trust Cloud Computing ETF in the third quarter valued at $40,000. Hemington Wealth Management lifted its position in First Trust Cloud Computing ETF by 29.6% in the fourth quarter. Hemington Wealth Management now owns 469 shares of the company’s stock worth $55,000 after purchasing an additional 107 shares during the period. Kestra Investment Management LLC bought a new position in First Trust Cloud Computing ETF in the fourth quarter worth $58,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in First Trust Cloud Computing ETF during the third quarter worth $65,000.

First Trust Cloud Computing ETF Stock Performance

Shares of SKYY stock opened at $119.68 on Thursday. The firm has a fifty day moving average of $124.36 and a 200-day moving average of $113.64. The stock has a market cap of $3.68 billion, a price-to-earnings ratio of 33.21 and a beta of 1.06. First Trust Cloud Computing ETF has a 52-week low of $83.45 and a 52-week high of $131.54.

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.