First Trust Cloud Computing ETF (NASDAQ:SKYY) Shares Sold by L.M. Kohn & Company

L.M. Kohn & Company lessened its stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 16.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,347 shares of the company’s stock after selling 465 shares during the period. L.M. Kohn & Company’s holdings in First Trust Cloud Computing ETF were worth $240,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in SKYY. International Assets Investment Management LLC increased its position in First Trust Cloud Computing ETF by 11,038.7% in the 3rd quarter. International Assets Investment Management LLC now owns 412,243 shares of the company’s stock valued at $42,156,000 after acquiring an additional 408,542 shares during the period. PNC Financial Services Group Inc. increased its position in First Trust Cloud Computing ETF by 86.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 177,430 shares of the company’s stock valued at $18,144,000 after acquiring an additional 82,121 shares during the period. Cetera Investment Advisers increased its position in First Trust Cloud Computing ETF by 1,277.0% in the 1st quarter. Cetera Investment Advisers now owns 74,135 shares of the company’s stock valued at $7,087,000 after acquiring an additional 68,751 shares during the period. Seaview Investment Managers LLC acquired a new position in First Trust Cloud Computing ETF in the 2nd quarter valued at about $2,532,000. Finally, Private Advisor Group LLC increased its position in First Trust Cloud Computing ETF by 20.6% in the 3rd quarter. Private Advisor Group LLC now owns 120,366 shares of the company’s stock valued at $12,309,000 after acquiring an additional 20,559 shares during the period.

First Trust Cloud Computing ETF Trading Up 0.4 %

NASDAQ SKYY opened at $121.98 on Friday. The business’s 50 day moving average is $109.86 and its two-hundred day moving average is $99.94. First Trust Cloud Computing ETF has a 12-month low of $81.24 and a 12-month high of $125.33. The stock has a market capitalization of $3.57 billion, a price-to-earnings ratio of 33.21 and a beta of 1.06.

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.