Envestnet Asset Management Inc. Has $9.14 Million Holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Envestnet Asset Management Inc. decreased its holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 61.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 89,439 shares of the company’s stock after selling 143,533 shares during the period. Envestnet Asset Management Inc. owned about 0.30% of First Trust Cloud Computing ETF worth $9,143,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Farther Finance Advisors LLC grew its position in First Trust Cloud Computing ETF by 615.4% in the 1st quarter. Farther Finance Advisors LLC now owns 279 shares of the company’s stock worth $29,000 after purchasing an additional 240 shares during the last quarter. Mascagni Wealth Management Inc. bought a new position in shares of First Trust Cloud Computing ETF during the fourth quarter valued at $30,000. Sound Income Strategies LLC boosted its stake in shares of First Trust Cloud Computing ETF by 1,215.2% in the 1st quarter. Sound Income Strategies LLC now owns 434 shares of the company’s stock valued at $44,000 after purchasing an additional 401 shares in the last quarter. Huntington National Bank grew its stake in First Trust Cloud Computing ETF by 594.4% during the fourth quarter. Huntington National Bank now owns 375 shares of the company’s stock worth $45,000 after buying an additional 321 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of First Trust Cloud Computing ETF by 69.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 481 shares of the company’s stock worth $50,000 after buying an additional 197 shares in the last quarter.

First Trust Cloud Computing ETF Trading Down 0.0%

First Trust Cloud Computing ETF stock opened at $123.39 on Tuesday. First Trust Cloud Computing ETF has a 1 year low of $83.45 and a 1 year high of $131.54. The company’s 50-day moving average is $117.94 and its two-hundred day moving average is $114.57. The company has a market cap of $3.54 billion, a PE ratio of 33.85 and a beta of 1.06.

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.