Janney Montgomery Scott LLC Sells 99 Shares of First Trust Cloud Computing ETF $SKYY

Janney Montgomery Scott LLC reduced its holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 0.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 56,009 shares of the company’s stock after selling 99 shares during the quarter. Janney Montgomery Scott LLC owned about 0.20% of First Trust Cloud Computing ETF worth $6,813,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. LPL Financial LLC increased its holdings in First Trust Cloud Computing ETF by 9.7% in the first quarter. LPL Financial LLC now owns 912,898 shares of the company’s stock worth $93,326,000 after purchasing an additional 80,874 shares in the last quarter. Raymond James Financial Inc. increased its holdings in shares of First Trust Cloud Computing ETF by 104.1% during the first quarter. Raymond James Financial Inc. now owns 550,382 shares of the company’s stock valued at $56,266,000 after acquiring an additional 280,749 shares in the last quarter. Private Advisor Group LLC increased its holdings in shares of First Trust Cloud Computing ETF by 0.8% during the first quarter. Private Advisor Group LLC now owns 162,938 shares of the company’s stock valued at $16,657,000 after acquiring an additional 1,350 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of First Trust Cloud Computing ETF by 13.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 144,632 shares of the company’s stock valued at $14,786,000 after acquiring an additional 17,317 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of First Trust Cloud Computing ETF by 10,123.0% during the first quarter. GAMMA Investing LLC now owns 75,446 shares of the company’s stock valued at $7,713,000 after acquiring an additional 74,708 shares in the last quarter.

First Trust Cloud Computing ETF Stock Down 0.5%

NASDAQ SKYY opened at $135.06 on Monday. The company has a market cap of $3.22 billion, a price-to-earnings 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 $138.82. The business has a 50 day moving average price of $127.80 and a 200-day moving average price of $117.14.

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.