Lincoln National Corp Decreases Holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Lincoln National Corp lowered its stake in First Trust Cloud Computing ETF (NASDAQ:SKYY – Get Rating) by 29.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,994 shares of the company’s stock after selling 2,555 shares during the quarter. Lincoln National Corp’s holdings in First Trust Cloud Computing ETF were worth $345,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vontobel Holding Ltd. grew its stake in First Trust Cloud Computing ETF by 2.0% in the first quarter. Vontobel Holding Ltd. now owns 8,365 shares of the company’s stock worth $757,000 after purchasing an additional 165 shares during the period. Aptus Capital Advisors LLC raised its stake in First Trust Cloud Computing ETF by 1.5% during the 3rd quarter. Aptus Capital Advisors LLC now owns 12,411 shares of the company’s stock valued at $750,000 after purchasing an additional 180 shares during the period. Capital Wealth Alliance LLC grew its holdings in First Trust Cloud Computing ETF by 5.4% during the 4th quarter. Capital Wealth Alliance LLC now owns 3,895 shares of the company’s stock valued at $225,000 after buying an additional 199 shares in the last quarter. International Assets Investment Management LLC grew its holdings in First Trust Cloud Computing ETF by 6.0% during the 3rd quarter. International Assets Investment Management LLC now owns 3,809 shares of the company’s stock valued at $230,000 after buying an additional 216 shares in the last quarter. Finally, Activest Wealth Management boosted its holdings in shares of First Trust Cloud Computing ETF by 20.3% in the 4th quarter. Activest Wealth Management now owns 1,429 shares of the company’s stock worth $82,000 after purchasing an additional 241 shares during the period.

First Trust Cloud Computing ETF Stock Performance

Shares of SKYY stock opened at $63.23 on Wednesday. First Trust Cloud Computing ETF has a 52-week low of $54.50 and a 52-week high of $79.44. The firm has a market capitalization of $2.42 billion, a P/E ratio of 20.90 and a beta of 1.06. The stock has a 50 day moving average price of $64.44 and a 200 day moving average price of $64.22.

First Trust Cloud Computing ETF Profile

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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.