Truist Financial Corp lessened its holdings in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY – Free Report) by 2.8% during the 4th quarter, Holdings Channel reports. The firm owned 15,855 shares of the company’s stock after selling 463 shares during the period. Truist Financial Corp’s holdings in First Trust Cloud Computing ETF were worth $1,390,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. LPL Financial LLC boosted its position in First Trust Cloud Computing ETF by 1.9% in the 3rd quarter. LPL Financial LLC now owns 868,932 shares of the company’s stock valued at $65,961,000 after buying an additional 16,393 shares during the period. International Assets Investment Management LLC boosted its holdings in First Trust Cloud Computing ETF by 8,785.2% in the fourth quarter. International Assets Investment Management LLC now owns 311,870 shares of the company’s stock valued at $27,342,000 after purchasing an additional 308,360 shares during the period. Raymond James & Associates grew its stake in First Trust Cloud Computing ETF by 5.7% during the 4th quarter. Raymond James & Associates now owns 147,672 shares of the company’s stock worth $12,946,000 after purchasing an additional 7,914 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in First Trust Cloud Computing ETF by 21.4% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 138,730 shares of the company’s stock valued at $12,162,000 after purchasing an additional 24,473 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of First Trust Cloud Computing ETF by 3.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 112,799 shares of the company’s stock valued at $8,563,000 after buying an additional 4,174 shares during the period.
First Trust Cloud Computing ETF Stock Performance
SKYY stock opened at $93.23 on Friday. First Trust Cloud Computing ETF has a fifty-two week low of $63.80 and a fifty-two week high of $97.78. The company’s 50 day moving average price is $93.91 and its 200 day moving average price is $88.55. The firm has a market capitalization of $3.01 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.
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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.
