Commonwealth Equity Services LLC Sells 24,658 Shares of First Trust Cloud Computing ETF $SKYY

Commonwealth Equity Services LLC reduced its stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 22.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 84,537 shares of the company’s stock after selling 24,658 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.35% of First Trust Cloud Computing ETF worth $11,363,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. JFS Wealth Advisors LLC lifted its stake in shares of First Trust Cloud Computing ETF by 114.3% during the 2nd quarter. JFS Wealth Advisors LLC now owns 375 shares of the company’s stock valued at $46,000 after buying an additional 200 shares in the last quarter. Advisors Preferred LLC bought a new stake in First Trust Cloud Computing ETF during the second quarter valued at about $47,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in First Trust Cloud Computing ETF by 73.0% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 614 shares of the company’s stock valued at $75,000 after acquiring an additional 259 shares during the period. Huntington National Bank lifted its position in shares of First Trust Cloud Computing ETF by 190.9% in the second quarter. Huntington National Bank now owns 800 shares of the company’s stock valued at $97,000 after acquiring an additional 525 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. boosted its stake in shares of First Trust Cloud Computing ETF by 279.4% in the second quarter. Newbridge Financial Services Group Inc. now owns 1,237 shares of the company’s stock worth $150,000 after acquiring an additional 911 shares during the period.

First Trust Cloud Computing ETF Stock Performance

SKYY stock opened at $128.95 on Monday. The company’s fifty day moving average price is $131.55 and its 200-day moving average price is $129.43. 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 $2.96 billion, a PE ratio of 33.85 and a beta of 1.24.

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.