Western Wealth Management LLC Decreases Stock Position in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Western Wealth Management LLC decreased its position in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 3.4% in the 2nd quarter, Holdings Channel reports. The fund owned 12,636 shares of the company’s stock after selling 440 shares during the period. Western Wealth Management LLC’s holdings in First Trust Cloud Computing ETF were worth $1,207,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in SKYY. Cetera Investment Advisers boosted its holdings in First Trust Cloud Computing ETF by 1,277.0% in the first quarter. Cetera Investment Advisers now owns 74,135 shares of the company’s stock valued at $7,087,000 after purchasing an additional 68,751 shares during the last quarter. Private Advisor Group LLC boosted its stake in shares of First Trust Cloud Computing ETF by 18.1% during the 1st quarter. Private Advisor Group LLC now owns 130,739 shares of the company’s stock valued at $12,499,000 after buying an additional 20,028 shares during the last quarter. EverSource Wealth Advisors LLC acquired a new stake in shares of First Trust Cloud Computing ETF during the fourth quarter worth approximately $1,718,000. Hsbc Holdings PLC acquired a new stake in shares of First Trust Cloud Computing ETF during the fourth quarter worth approximately $1,561,000. Finally, Kingsview Wealth Management LLC increased its stake in shares of First Trust Cloud Computing ETF by 112.4% in the fourth quarter. Kingsview Wealth Management LLC now owns 33,005 shares of the company’s stock worth $2,894,000 after buying an additional 17,464 shares during the last quarter.

First Trust Cloud Computing ETF Price Performance

SKYY traded up $0.05 during trading on Monday, hitting $96.76. The company had a trading volume of 10,694 shares, compared to its average volume of 155,113. The company has a market cap of $2.97 billion, a PE ratio of 33.21 and a beta of 1.06. First Trust Cloud Computing ETF has a 1-year low of $70.42 and a 1-year high of $97.78. The business has a 50-day moving average of $93.60 and a 200-day moving average of $93.68.

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.