Ameriprise Financial Inc. Sells 3,180 Shares of First Trust Cloud Computing ETF (NASDAQ:SKYY)

Ameriprise Financial Inc. reduced its holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 171,323 shares of the company’s stock after selling 3,180 shares during the quarter. Ameriprise Financial Inc. owned about 0.56% of First Trust Cloud Computing ETF worth $20,403,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. LFA Lugano Financial Advisors SA acquired a new stake in First Trust Cloud Computing ETF in the fourth quarter valued at approximately $32,000. Mirae Asset Global Investments Co. Ltd. grew its stake in First Trust Cloud Computing ETF by 77.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 284 shares of the company’s stock valued at $34,000 after acquiring an additional 124 shares during the period. Huntington National Bank grew its stake in First Trust Cloud Computing ETF by 594.4% in the fourth quarter. Huntington National Bank now owns 375 shares of the company’s stock valued at $45,000 after acquiring an additional 321 shares during the period. SRS Capital Advisors Inc. grew its stake in First Trust Cloud Computing ETF by 1,343.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 433 shares of the company’s stock valued at $52,000 after acquiring an additional 403 shares during the period. Finally, Hemington Wealth Management grew its stake in First Trust Cloud Computing ETF by 29.6% in the fourth quarter. Hemington Wealth Management now owns 469 shares of the company’s stock valued at $55,000 after acquiring an additional 107 shares during the period.

First Trust Cloud Computing ETF Stock Performance

Shares of First Trust Cloud Computing ETF stock opened at $116.13 on Friday. First Trust Cloud Computing ETF has a 52 week low of $83.45 and a 52 week high of $131.54. The stock has a 50 day moving average price of $103.28 and a two-hundred day moving average price of $115.27. The stock has a market capitalization of $3.43 billion, a PE ratio of 27.61 and a beta of 1.06.

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.