US Bancorp DE Reduces Stock Holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY)

US Bancorp DE cut its stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 4.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,953 shares of the company’s stock after selling 267 shares during the quarter. US Bancorp DE’s holdings in First Trust Cloud Computing ETF were worth $709,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of First Trust Cloud Computing ETF by 77.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 284 shares of the company’s stock valued at $34,000 after buying an additional 124 shares during the period. Morse Asset Management Inc purchased a new position in First Trust Cloud Computing ETF during the 3rd quarter valued at $40,000. Hemington Wealth Management grew its position in First Trust Cloud Computing ETF by 29.6% in the 4th 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 last quarter. Kestra Investment Management LLC purchased a new stake in First Trust Cloud Computing ETF in the fourth quarter worth $58,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of First Trust Cloud Computing ETF during the third quarter worth $65,000.

First Trust Cloud Computing ETF Trading Down 5.0 %

NASDAQ SKYY opened at $104.76 on Tuesday. The stock has a market cap of $3.22 billion, a PE ratio of 32.02 and a beta of 1.06. First Trust Cloud Computing ETF has a 12 month low of $83.45 and a 12 month high of $131.54. The company’s 50-day moving average price is $122.88 and its 200-day moving average price is $114.76.

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.