Money Concepts Capital Corp Cuts Holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Money Concepts Capital Corp decreased its holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 0.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,898 shares of the company’s stock after selling 173 shares during the period. Money Concepts Capital Corp owned about 0.11% of First Trust Cloud Computing ETF worth $3,919,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC lifted its position in First Trust Cloud Computing ETF by 11,038.7% during the third quarter. International Assets Investment Management LLC now owns 412,243 shares of the company’s stock valued at $42,156,000 after purchasing an additional 408,542 shares during the period. PNC Financial Services Group Inc. lifted its holdings 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 valued at $18,144,000 after buying an additional 82,121 shares during the period. Benjamin Edwards Inc. bought a new stake in shares of First Trust Cloud Computing ETF in the third quarter worth $5,373,000. Plotkin Financial Advisors LLC purchased a new stake in First Trust Cloud Computing ETF during the third quarter valued at $3,062,000. Finally, Private Advisor Group LLC lifted its holdings in First Trust Cloud Computing ETF by 20.6% in the third quarter. Private Advisor Group LLC now owns 120,366 shares of the company’s stock valued at $12,309,000 after acquiring an additional 20,559 shares during the period.

First Trust Cloud Computing ETF Stock Performance

Shares of NASDAQ:SKYY opened at $129.01 on Wednesday. The stock’s 50-day simple moving average is $123.62 and its two-hundred day simple moving average is $109.59. The stock has a market capitalization of $3.97 billion, a price-to-earnings ratio of 33.21 and a beta of 1.06. First Trust Cloud Computing ETF has a 52-week low of $83.45 and a 52-week high of $131.13.

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.