Acorn Creek Capital LLC Has $1.05 Million Position in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Acorn Creek Capital LLC lessened its position in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 6.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 8,804 shares of the company’s stock after selling 656 shares during the quarter. First Trust Cloud Computing ETF accounts for approximately 0.5% of Acorn Creek Capital LLC’s portfolio, making the stock its 21st biggest holding. Acorn Creek Capital LLC’s holdings in First Trust Cloud Computing ETF were worth $1,049,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of SKYY. Morse Asset Management Inc bought a new position in First Trust Cloud Computing ETF in the third quarter worth approximately $40,000. Values First Advisors Inc. bought a new stake in First Trust Cloud Computing ETF during the third quarter worth $49,000. Wilmington Savings Fund Society FSB bought a new stake in shares of First Trust Cloud Computing ETF in the 3rd quarter worth $65,000. Anchor Investment Management LLC increased its stake in First Trust Cloud Computing ETF by 53.4% in the 2nd quarter. Anchor Investment Management LLC now owns 675 shares of the company’s stock valued at $64,000 after buying an additional 235 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in First Trust Cloud Computing ETF by 37.2% during the third quarter. GAMMA Investing LLC now owns 738 shares of the company’s stock worth $75,000 after acquiring an additional 200 shares during the period.

First Trust Cloud Computing ETF Stock Performance

SKYY opened at $123.72 on Tuesday. First Trust Cloud Computing ETF has a fifty-two week low of $83.45 and a fifty-two week high of $131.13. The firm has a 50-day moving average of $122.71 and a 200 day moving average of $108.26. The firm has a market cap of $3.74 billion, a P/E 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.