B. Riley Wealth Advisors Inc. decreased its holdings in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY – Free Report) by 30.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 32,906 shares of the company’s stock after selling 14,574 shares during the period. B. Riley Wealth Advisors Inc. owned approximately 0.10% of First Trust Cloud Computing ETF worth $2,498,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in SKYY. VitalStone Financial LLC lifted its position in First Trust Cloud Computing ETF by 144.8% in the third quarter. VitalStone Financial LLC now owns 350 shares of the company’s stock valued at $27,000 after purchasing an additional 207 shares during the period. Whittier Trust Co. purchased a new position in First Trust Cloud Computing ETF in the third quarter valued at about $28,000. Worth Asset Management LLC purchased a new position in First Trust Cloud Computing ETF in the first quarter valued at about $34,000. Lazard Asset Management LLC purchased a new position in First Trust Cloud Computing ETF in the first quarter valued at about $95,000. Finally, O Shaughnessy Asset Management LLC purchased a new position in First Trust Cloud Computing ETF in the third quarter valued at about $125,000.
First Trust Cloud Computing ETF Trading Down 0.8 %
Shares of First Trust Cloud Computing ETF stock opened at $94.87 on Friday. First Trust Cloud Computing ETF has a 12-month low of $60.35 and a 12-month high of $97.78. The stock has a market cap of $3.16 billion, a PE ratio of 20.90 and a beta of 1.06. The company has a 50-day moving average of $91.97 and a two-hundred day moving average of $83.86.
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.
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Wanda Parisien is a computing expert who navigates the vast landscape of hardware and software. With a focus on computer technology, software development, and industry trends, Wanda delivers informative content, tutorials, and analyses to keep readers updated on the latest in the world of computing.
