AE Wealth Management LLC Sells 3,019 Shares of First Trust Cloud Computing ETF $SKYY

AE Wealth Management LLC reduced its holdings in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 34.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,672 shares of the company’s stock after selling 3,019 shares during the period. AE Wealth Management LLC’s holdings in First Trust Cloud Computing ETF were worth $690,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in SKYY. Robertson Stephens Wealth Management LLC increased its holdings in First Trust Cloud Computing ETF by 11.6% during the 2nd quarter. Robertson Stephens Wealth Management LLC now owns 2,359 shares of the company’s stock valued at $287,000 after purchasing an additional 246 shares during the period. Endowment Wealth Management Inc. raised its position in First Trust Cloud Computing ETF by 25.6% in the 2nd quarter. Endowment Wealth Management Inc. now owns 5,180 shares of the company’s stock worth $630,000 after buying an additional 1,057 shares during the last quarter. Blair William & Co. IL raised its stake in First Trust Cloud Computing ETF by 4.7% during the 2nd quarter. Blair William & Co. IL now owns 2,145 shares of the company’s stock valued at $261,000 after buying an additional 97 shares during the last quarter. Concurrent Investment Advisors LLC purchased a new position in First Trust Cloud Computing ETF in the second quarter worth about $258,000. Finally, Pinnacle Wealth Management Advisory Group LLC grew its holdings in First Trust Cloud Computing ETF by 7.6% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,292 shares of the company’s stock valued at $337,000 after purchasing an additional 233 shares during the period.

First Trust Cloud Computing ETF Price Performance

Shares of SKYY stock opened at $131.96 on Friday. The company’s fifty day moving average price is $136.02 and its 200-day moving average price is $124.59. First Trust Cloud Computing ETF has a one year low of $85.38 and a one year high of $143.74. The company has a market capitalization of $3.16 billion, a price-to-earnings ratio of 33.85 and a beta of 1.24.

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.