Oppenheimer & Co. Inc. Reduces Stock Position in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Oppenheimer & Co. Inc. decreased its position in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 0.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,971 shares of the company’s stock after selling 140 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in First Trust Cloud Computing ETF were worth $2,736,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of SKYY. PNC Financial Services Group Inc. lifted its stake in shares of First Trust Cloud Computing ETF by 86.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 177,430 shares of the company’s stock worth $18,144,000 after purchasing an additional 82,121 shares during the period. Private Advisor Group LLC lifted its position in First Trust Cloud Computing ETF by 34.2% during the fourth quarter. Private Advisor Group LLC now owns 161,588 shares of the company’s stock worth $19,248,000 after buying an additional 41,222 shares during the period. JPMorgan Chase & Co. boosted its stake in First Trust Cloud Computing ETF by 4.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 147,336 shares of the company’s stock worth $15,067,000 after buying an additional 5,620 shares during the last quarter. National Bank of Canada FI grew its holdings in First Trust Cloud Computing ETF by 2.7% in the 3rd quarter. National Bank of Canada FI now owns 61,284 shares of the company’s stock valued at $6,267,000 after buying an additional 1,596 shares during the period. Finally, Rockefeller Capital Management L.P. increased its stake in shares of First Trust Cloud Computing ETF by 4.2% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 55,091 shares of the company’s stock valued at $5,634,000 after acquiring an additional 2,232 shares during the last quarter.

First Trust Cloud Computing ETF Stock Performance

SKYY opened at $117.70 on Monday. First Trust Cloud Computing ETF has a 1 year low of $83.45 and a 1 year high of $131.54. The company’s 50 day simple moving average is $124.17 and its 200 day simple moving average is $114.14. The stock has a market capitalization of $3.67 billion, a PE ratio of 32.02 and a beta of 1.14.

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.