Geneos Wealth Management Inc. Cuts Stock Position in First Trust Cloud Computing ETF $SKYY

Geneos Wealth Management Inc. reduced its stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 8.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,276 shares of the company’s stock after selling 124 shares during the period. Geneos Wealth Management Inc.’s holdings in First Trust Cloud Computing ETF were worth $130,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Banco Santander S.A. grew its position in shares of First Trust Cloud Computing ETF by 4.9% during the 1st quarter. Banco Santander S.A. now owns 2,580 shares of the company’s stock valued at $264,000 after acquiring an additional 120 shares during the period. Edmond DE Rothschild Holding S.A. lifted its position in First Trust Cloud Computing ETF by 4.6% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 2,821 shares of the company’s stock valued at $288,000 after purchasing an additional 125 shares in the last quarter. Pinnacle Associates Ltd. lifted its position in First Trust Cloud Computing ETF by 2.9% during the first quarter. Pinnacle Associates Ltd. now owns 4,732 shares of the company’s stock valued at $484,000 after purchasing an additional 133 shares in the last quarter. Principal Securities Inc. lifted its position in First Trust Cloud Computing ETF by 1.6% during the first quarter. Principal Securities Inc. now owns 9,066 shares of the company’s stock valued at $927,000 after purchasing an additional 140 shares in the last quarter. Finally, Avantax Advisory Services Inc. lifted its position in First Trust Cloud Computing ETF by 0.4% during the first quarter. Avantax Advisory Services Inc. now owns 38,170 shares of the company’s stock valued at $3,902,000 after purchasing an additional 147 shares in the last quarter.

First Trust Cloud Computing ETF Stock Down 0.0%

SKYY stock opened at $134.74 on Thursday. First Trust Cloud Computing ETF has a twelve month low of $85.38 and a twelve month high of $136.74. The stock has a market cap of $3.86 billion, a P/E ratio of 33.85 and a beta of 1.06. The business’s 50-day moving average price is $124.54 and its 200-day moving average price is $114.82.

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.