Sigma Planning Corp Trims Stock Position in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Sigma Planning Corp lowered its holdings in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 42.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,532 shares of the company’s stock after selling 8,419 shares during the quarter. Sigma Planning Corp’s holdings in First Trust Cloud Computing ETF were worth $1,011,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SKYY. Pinnacle Associates Ltd. increased its holdings in First Trust Cloud Computing ETF by 3.7% in the 4th quarter. Pinnacle Associates Ltd. now owns 5,241 shares of the company’s stock worth $460,000 after acquiring an additional 185 shares in the last quarter. Blue Bell Private Wealth Management LLC increased its holdings in First Trust Cloud Computing ETF by 37.7% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 720 shares of the company’s stock worth $63,000 after acquiring an additional 197 shares in the last quarter. Strategic Advisors LLC increased its holdings in First Trust Cloud Computing ETF by 4.0% in the 4th quarter. Strategic Advisors LLC now owns 5,143 shares of the company’s stock worth $451,000 after acquiring an additional 199 shares in the last quarter. VitalStone Financial LLC increased its holdings in First Trust Cloud Computing ETF by 144.8% in the 3rd quarter. VitalStone Financial LLC now owns 350 shares of the company’s stock worth $27,000 after acquiring an additional 207 shares in the last quarter. Finally, Emerald Advisors LLC increased its holdings in First Trust Cloud Computing ETF by 2.8% in the 4th quarter. Emerald Advisors LLC now owns 7,829 shares of the company’s stock worth $686,000 after acquiring an additional 212 shares in the last quarter.

First Trust Cloud Computing ETF Trading Up 2.6 %

First Trust Cloud Computing ETF stock opened at $92.22 on Wednesday. The firm has a 50 day moving average of $94.14 and a 200 day moving average of $87.15. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 35.15 and a beta of 1.06. First Trust Cloud Computing ETF has a 12-month low of $60.65 and a 12-month high of $97.78.

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.