LPL Financial LLC Sells 1,732 Shares of First Trust Cloud Computing ETF (NASDAQ:SKYY)

LPL Financial LLC decreased its position in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 0.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 860,615 shares of the company’s stock after selling 1,732 shares during the quarter. LPL Financial LLC owned about 2.80% of First Trust Cloud Computing ETF worth $82,215,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of SKYY. EdgeRock Capital LLC bought a new stake in shares of First Trust Cloud Computing ETF during the second quarter valued at approximately $33,000. PFS Partners LLC bought a new stake in shares of First Trust Cloud Computing ETF during the first quarter valued at approximately $43,000. VitalStone Financial LLC increased its holdings in shares of First Trust Cloud Computing ETF by 44.4% during the first quarter. VitalStone Financial LLC now owns 465 shares of the company’s stock valued at $44,000 after acquiring an additional 143 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new position in shares of First Trust Cloud Computing ETF during the first quarter valued at approximately $48,000. Finally, Blue Trust Inc. purchased a new position in shares of First Trust Cloud Computing ETF during the second quarter valued at approximately $48,000.

First Trust Cloud Computing ETF Stock Up 0.7 %

Shares of NASDAQ:SKYY opened at $98.43 on Friday. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 33.21 and a beta of 1.06. First Trust Cloud Computing ETF has a 12-month low of $70.42 and a 12-month high of $99.06. The business’s 50 day moving average is $94.76 and its 200 day moving average is $94.17.

About First Trust Cloud Computing ETF

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.