Financial Advocates Investment Management Has $944,000 Holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Financial Advocates Investment Management lessened its position in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 6.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,924 shares of the company’s stock after selling 523 shares during the quarter. Financial Advocates Investment Management’s holdings in First Trust Cloud Computing ETF were worth $944,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SKYY. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of First Trust Cloud Computing ETF by 77.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 284 shares of the company’s stock valued at $34,000 after purchasing an additional 124 shares in the last quarter. Morse Asset Management Inc acquired a new position in First Trust Cloud Computing ETF during the third quarter valued at $40,000. Values First Advisors Inc. purchased a new stake in First Trust Cloud Computing ETF in the 3rd quarter worth about $49,000. Wilmington Savings Fund Society FSB acquired a new stake in First Trust Cloud Computing ETF during the 3rd quarter worth about $65,000. Finally, GAMMA Investing LLC grew its stake in First Trust Cloud Computing ETF by 37.2% during the 3rd quarter. GAMMA Investing LLC now owns 738 shares of the company’s stock valued at $75,000 after acquiring an additional 200 shares in the last quarter.

First Trust Cloud Computing ETF Price Performance

Shares of SKYY opened at $128.94 on Friday. The company has a market capitalization of $3.96 billion, a price-to-earnings ratio of 33.21 and a beta of 1.06. The business’s 50-day moving average is $124.04 and its 200-day moving average is $110.11. First Trust Cloud Computing ETF has a fifty-two week low of $83.45 and a fifty-two week high of $131.13.

First Trust Cloud Computing ETF Company 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.