Sunbelt Securities Inc. Lowers Stake in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Sunbelt Securities Inc. cut its holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 29.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,206 shares of the company’s stock after selling 2,221 shares during the quarter. Sunbelt Securities Inc.’s holdings in First Trust Cloud Computing ETF were worth $498,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in SKYY. International Assets Investment Management LLC raised its stake in First Trust Cloud Computing ETF by 8,785.2% during the 4th quarter. International Assets Investment Management LLC now owns 311,870 shares of the company’s stock valued at $27,342,000 after acquiring an additional 308,360 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of First Trust Cloud Computing ETF by 1.6% during the fourth quarter. Wells Fargo & Company MN now owns 297,788 shares of the company’s stock worth $26,107,000 after purchasing an additional 4,739 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of First Trust Cloud Computing ETF by 5.7% during the fourth quarter. Raymond James & Associates now owns 147,672 shares of the company’s stock worth $12,946,000 after purchasing an additional 7,914 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in First Trust Cloud Computing ETF by 21.4% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 138,730 shares of the company’s stock valued at $12,162,000 after buying an additional 24,473 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in First Trust Cloud Computing ETF by 2.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 132,969 shares of the company’s stock valued at $11,657,000 after buying an additional 2,566 shares during the period.

First Trust Cloud Computing ETF Stock Performance

Shares of First Trust Cloud Computing ETF stock opened at $93.21 on Thursday. First Trust Cloud Computing ETF has a one year low of $70.42 and a one year high of $97.78. The company has a market cap of $3.01 billion, a P/E ratio of 33.21 and a beta of 1.06. The firm has a fifty day moving average of $92.67 and a two-hundred day moving average of $91.99.

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.