Acorn Financial Advisory Services Inc. ADV Sells 224 Shares of First Trust Cloud Computing ETF (NASDAQ:SKYY)

Acorn Financial Advisory Services Inc. ADV reduced its position in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 6.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,373 shares of the company’s stock after selling 224 shares during the quarter. Acorn Financial Advisory Services Inc. ADV’s holdings in First Trust Cloud Computing ETF were worth $345,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. EdgeRock Capital LLC acquired a new position in shares of First Trust Cloud Computing ETF in the second quarter worth about $33,000. Values First Advisors Inc. purchased a new stake in First Trust Cloud Computing ETF during the 3rd quarter valued at about $49,000. Blue Trust Inc. purchased a new stake in First Trust Cloud Computing ETF during the 2nd quarter valued at about $48,000. Banque Cantonale Vaudoise purchased a new stake in shares of First Trust Cloud Computing ETF in the 2nd quarter valued at approximately $54,000. Finally, Anchor Investment Management LLC grew its stake in shares of First Trust Cloud Computing ETF by 53.4% in the 2nd quarter. Anchor Investment Management LLC now owns 675 shares of the company’s stock valued at $64,000 after buying an additional 235 shares during the period.

First Trust Cloud Computing ETF Stock Up 0.3 %

Shares of First Trust Cloud Computing ETF stock traded up $0.35 during mid-day trading on Friday, hitting $117.68. The stock had a trading volume of 107,473 shares, compared to its average volume of 147,647. The firm has a 50-day moving average of $103.07 and a two-hundred day moving average of $97.03. First Trust Cloud Computing ETF has a 12-month low of $75.21 and a 12-month high of $117.81. The firm has a market cap of $3.45 billion, a P/E ratio of 33.21 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.