Comerica Bank Cuts Position in First Trust Cloud Computing ETF $SKYY

Comerica Bank lessened its holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 25.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,277 shares of the company’s stock after selling 1,143 shares during the quarter. Comerica Bank’s holdings in First Trust Cloud Computing ETF were worth $335,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of First Trust Cloud Computing ETF by 69.4% in 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. Farther Finance Advisors LLC lifted its stake in shares of First Trust Cloud Computing ETF by 615.4% in the first quarter. Farther Finance Advisors LLC now owns 279 shares of the company’s stock worth $29,000 after buying an additional 240 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of First Trust Cloud Computing ETF by 15.7% in the first quarter. Janney Montgomery Scott LLC now owns 56,108 shares of the company’s stock worth $5,736,000 after buying an additional 7,614 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC lifted its stake in shares of First Trust Cloud Computing ETF by 7.6% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,292 shares of the company’s stock worth $337,000 after buying an additional 233 shares in the last quarter. Finally, Assetmark Inc. lifted its stake in shares of First Trust Cloud Computing ETF by 12.6% in the first quarter. Assetmark Inc. now owns 23,779 shares of the company’s stock worth $2,431,000 after buying an additional 2,655 shares in the last quarter.

First Trust Cloud Computing ETF Stock Performance

Shares of NASDAQ SKYY opened at $132.44 on Wednesday. The firm’s 50 day moving average price is $123.02 and its 200-day moving average price is $114.13. The company has a market cap of $3.79 billion, a PE ratio of 33.85 and a beta of 1.06. First Trust Cloud Computing ETF has a 52-week low of $85.38 and a 52-week high of $132.68.

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.