Mercer Global Advisors Inc. ADV Sells 4,159 Shares of First Trust Cloud Computing ETF (NASDAQ:SKYY)

Mercer Global Advisors Inc. ADV trimmed its stake in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 55.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,383 shares of the company’s stock after selling 4,159 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in First Trust Cloud Computing ETF were worth $403,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Wealthcare Advisory Partners LLC raised its stake in First Trust Cloud Computing ETF by 29.1% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 3,984 shares of the company’s stock valued at $475,000 after buying an additional 899 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of First Trust Cloud Computing ETF by 77.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 284 shares of the company’s stock worth $34,000 after buying an additional 124 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of First Trust Cloud Computing ETF by 12.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 7,820 shares of the company’s stock worth $932,000 after acquiring an additional 857 shares during the period. Truist Financial Corp increased its position in First Trust Cloud Computing ETF by 1.8% during the fourth quarter. Truist Financial Corp now owns 19,351 shares of the company’s stock valued at $2,305,000 after acquiring an additional 335 shares during the last quarter. Finally, Park Avenue Securities LLC bought a new position in First Trust Cloud Computing ETF in the fourth quarter valued at about $697,000.

First Trust Cloud Computing ETF Stock Performance

Shares of NASDAQ:SKYY opened at $116.45 on Wednesday. The stock has a market capitalization of $3.44 billion, a price-to-earnings ratio of 27.61 and a beta of 1.06. The stock’s 50-day simple moving average is $102.92 and its two-hundred day simple moving average is $115.19. First Trust Cloud Computing ETF has a 52-week low of $83.45 and a 52-week high of $131.54.

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.