First Trust Cloud Computing ETF $SKYY Stake Decreased by International Assets Investment Management LLC

International Assets Investment Management LLC reduced its stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 65.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,980 shares of the company’s stock after selling 7,657 shares during the quarter. International Assets Investment Management LLC’s holdings in First Trust Cloud Computing ETF were worth $665,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Royal Bank of Canada boosted its position in shares of First Trust Cloud Computing ETF by 12.7% during the first quarter. Royal Bank of Canada now owns 212,254 shares of the company’s stock worth $23,212,000 after buying an additional 23,847 shares during the period. Cetera Investment Advisers grew its stake in shares of First Trust Cloud Computing ETF by 8.9% in the first quarter. Cetera Investment Advisers now owns 148,215 shares of the company’s stock valued at $16,209,000 after buying an additional 12,065 shares in the last quarter. Baird Financial Group Inc. raised its holdings in shares of First Trust Cloud Computing ETF by 4,889.0% in the 2nd quarter. Baird Financial Group Inc. now owns 100,130 shares of the company’s stock valued at $13,473,000 after buying an additional 98,123 shares during the period. Navellier & Associates Inc. purchased a new stake in shares of First Trust Cloud Computing ETF in the 2nd quarter valued at $8,552,000. Finally, Kirkwood Financial Services purchased a new stake in shares of First Trust Cloud Computing ETF in the 2nd quarter valued at $11,601,000.

First Trust Cloud Computing ETF Trading Down 0.5%

SKYY opened at $149.95 on Wednesday. The stock’s 50-day moving average price is $163.31 and its 200 day moving average price is $137.50. First Trust Cloud Computing ETF has a 12-month low of $103.76 and a 12-month high of $175.81. The firm has a market cap of $3.10 billion, a price-to-earnings ratio of 26.23 and a beta of 1.27.

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.