Oppenheimer & Co. Inc. Has $2.84 Million Holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Oppenheimer & Co. Inc. decreased its position in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 3.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,685 shares of the company’s stock after selling 1,158 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in First Trust Cloud Computing ETF were worth $2,836,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. MJP Associates Inc. ADV raised its stake in shares of First Trust Cloud Computing ETF by 4.0% in the 1st quarter. MJP Associates Inc. ADV now owns 2,703 shares of the company’s stock valued at $258,000 after purchasing an additional 105 shares during the period. Summit Financial LLC raised its stake in shares of First Trust Cloud Computing ETF by 2.1% in the 1st quarter. Summit Financial LLC now owns 5,580 shares of the company’s stock valued at $533,000 after purchasing an additional 114 shares during the period. EP Wealth Advisors LLC raised its stake in shares of First Trust Cloud Computing ETF by 5.1% in the 1st quarter. EP Wealth Advisors LLC now owns 2,452 shares of the company’s stock valued at $234,000 after purchasing an additional 118 shares during the period. International Assets Investment Management LLC raised its stake in shares of First Trust Cloud Computing ETF by 3.4% in the 1st quarter. International Assets Investment Management LLC now owns 3,677 shares of the company’s stock valued at $351,000 after purchasing an additional 120 shares during the period. Finally, Emerald Advisors LLC raised its stake in shares of First Trust Cloud Computing ETF by 1.6% in the 2nd quarter. Emerald Advisors LLC now owns 7,986 shares of the company’s stock valued at $763,000 after purchasing an additional 122 shares during the period.

First Trust Cloud Computing ETF Stock Performance

NASDAQ:SKYY opened at $98.43 on Monday. The stock’s 50-day simple moving average is $94.76 and its 200 day simple moving average is $94.18. The company has a market cap of $3.02 billion, a P/E ratio of 33.21 and a beta of 1.06. First Trust Cloud Computing ETF has a 52-week low of $70.42 and a 52-week high of $99.06.

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.