Valley Wealth Managers Inc. Decreases Stock Holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Valley Wealth Managers Inc. lowered its holdings in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 2.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 38,585 shares of the company’s stock after selling 1,065 shares during the quarter. Valley Wealth Managers Inc. owned approximately 0.13% of First Trust Cloud Computing ETF worth $4,596,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SKYY. International Assets Investment Management LLC increased its position in shares of First Trust Cloud Computing ETF by 11,038.7% during the 3rd 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 last quarter. PNC Financial Services Group Inc. increased its position 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 purchasing an additional 82,121 shares during the last quarter. Benjamin Edwards Inc. purchased a new stake in shares of First Trust Cloud Computing ETF during the 3rd quarter valued at about $5,373,000. Plotkin Financial Advisors LLC purchased a new stake in shares of First Trust Cloud Computing ETF during the 3rd quarter valued at about $3,062,000. Finally, Private Advisor Group LLC increased its position in shares of First Trust Cloud Computing ETF by 20.6% during the 3rd quarter. Private Advisor Group LLC now owns 120,366 shares of the company’s stock valued at $12,309,000 after purchasing an additional 20,559 shares during the last quarter.

First Trust Cloud Computing ETF Stock Down 1.1 %

NASDAQ SKYY opened at $129.41 on Tuesday. First Trust Cloud Computing ETF has a 52 week low of $83.45 and a 52 week high of $131.54. The firm has a market capitalization of $3.98 billion, a P/E ratio of 33.21 and a beta of 1.06. The company has a 50-day moving average price of $124.57 and a 200-day moving average price of $111.86.

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.