IFP Advisors Inc Sells 34,876 Shares of First Trust Cloud Computing ETF $SKYY

IFP Advisors Inc cut its position in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 76.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,887 shares of the company’s stock after selling 34,876 shares during the quarter. IFP Advisors Inc’s holdings in First Trust Cloud Computing ETF were worth $1,324,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. grew its position in 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 valued at $50,000 after acquiring an additional 197 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of 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 valued at $29,000 after purchasing an additional 240 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of First Trust Cloud Computing ETF by 15.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 56,108 shares of the company’s stock valued at $5,736,000 after purchasing an additional 7,614 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC raised its position in First Trust Cloud Computing ETF by 7.6% in the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,292 shares of the company’s stock worth $337,000 after purchasing an additional 233 shares during the period. Finally, Assetmark Inc. raised its position in First Trust Cloud Computing ETF by 12.6% in the 1st quarter. Assetmark Inc. now owns 23,779 shares of the company’s stock worth $2,431,000 after purchasing an additional 2,655 shares during the period.

First Trust Cloud Computing ETF Stock Down 3.4%

NASDAQ SKYY opened at $132.78 on Monday. The company has a 50-day simple moving average of $129.02 and a two-hundred day simple moving average of $118.06. First Trust Cloud Computing ETF has a 12-month low of $85.38 and a 12-month high of $138.82. The firm has a market cap of $3.20 billion, a price-to-earnings 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.