First Trust Cloud Computing ETF $SKYY Shares Sold by Gilliland Jeter Wealth Management LLC

Gilliland Jeter Wealth Management LLC cut its stake in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 51.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 4,853 shares of the company’s stock after selling 5,065 shares during the period. Gilliland Jeter Wealth Management LLC’s holdings in First Trust Cloud Computing ETF were worth $652,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its stake in shares of First Trust Cloud Computing ETF by 7.8% during the second quarter. Ameriprise Financial Inc. now owns 164,762 shares of the company’s stock worth $20,041,000 after purchasing an additional 11,987 shares in the last quarter. Osaic Holdings Inc. boosted its holdings in First Trust Cloud Computing ETF by 12.7% in the 2nd quarter. Osaic Holdings Inc. now owns 126,885 shares of the company’s stock worth $15,415,000 after buying an additional 14,251 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in First Trust Cloud Computing ETF by 7.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 96,164 shares of the company’s stock worth $11,697,000 after buying an additional 6,725 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of First Trust Cloud Computing ETF by 6.0% during the second quarter. Cetera Investment Advisers now owns 94,458 shares of the company’s stock valued at $11,490,000 after acquiring an additional 5,329 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its holdings in shares of First Trust Cloud Computing ETF by 1.2% during the second quarter. Rockefeller Capital Management L.P. now owns 62,874 shares of the company’s stock valued at $7,648,000 after acquiring an additional 769 shares during the last quarter.

First Trust Cloud Computing ETF Price Performance

NASDAQ SKYY opened at $125.34 on Friday. The stock’s 50 day simple moving average is $130.63 and its 200-day simple moving average is $129.51. The company has a market cap of $2.86 billion, a PE ratio of 33.85 and a beta of 1.24. First Trust Cloud Computing ETF has a 1-year low of $85.38 and a 1-year high of $143.74.

About First Trust Cloud Computing ETF

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.