Royal Bank of Canada Cuts Stake in First Trust Cloud Computing ETF $SKYY

Royal Bank of Canada lowered its position in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 10.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 168,778 shares of the company’s stock after selling 19,331 shares during the quarter. Royal Bank of Canada owned 0.57% of First Trust Cloud Computing ETF worth $17,254,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its position in First Trust Cloud Computing ETF by 615.4% during the 1st quarter. Farther Finance Advisors LLC now owns 279 shares of the company’s stock worth $29,000 after buying an additional 240 shares during the last quarter. Mascagni Wealth Management Inc. purchased a new position in First Trust Cloud Computing ETF during the 4th quarter worth $30,000. Sound Income Strategies LLC raised its position in First Trust Cloud Computing ETF by 1,215.2% during the 1st quarter. Sound Income Strategies LLC now owns 434 shares of the company’s stock worth $44,000 after buying an additional 401 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in First Trust Cloud Computing ETF by 69.4% during the 1st 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 during the last quarter. Finally, Park Square Financial Group LLC purchased a new position in shares of First Trust Cloud Computing ETF in the 4th quarter valued at about $53,000.

First Trust Cloud Computing ETF Stock Up 0.9%

Shares of SKYY opened at $132.44 on Wednesday. The company has a 50-day simple moving average of $123.02 and a 200-day simple moving average of $114.13. The company has a market capitalization 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.

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.