Assetmark Inc. Sells 24,725 Shares of First Trust Cloud Computing ETF $SKYY

Assetmark Inc. decreased its holdings in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 93.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 1,619 shares of the company’s stock after selling 24,725 shares during the period. Assetmark Inc.’s holdings in First Trust Cloud Computing ETF were worth $177,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its holdings in First Trust Cloud Computing ETF by 12,567.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,301,211 shares of the company’s stock valued at $429,422,000 after buying an additional 3,275,151 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of First Trust Cloud Computing ETF by 803.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 107,608 shares of the company’s stock valued at $14,465,000 after acquiring an additional 95,702 shares during the period. AlphaCore Capital LLC purchased a new position in shares of First Trust Cloud Computing ETF in the 4th quarter valued at $6,823,000. Wells Fargo & Company MN raised its position in shares of First Trust Cloud Computing ETF by 16.4% in the 4th quarter. Wells Fargo & Company MN now owns 335,915 shares of the company’s stock worth $43,696,000 after acquiring an additional 47,229 shares in the last quarter. Finally, Independent Financial Group LLC bought a new position in shares of First Trust Cloud Computing ETF in the 1st quarter worth $5,003,000.

First Trust Cloud Computing ETF Price Performance

Shares of NASDAQ SKYY opened at $135.84 on Tuesday. First Trust Cloud Computing ETF has a 1-year low of $103.76 and a 1-year high of $155.76. The business has a fifty day moving average price of $135.96 and a 200 day moving average price of $123.61. The stock has a market capitalization of $2.78 billion, a P/E 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.