Western Wealth Management LLC Reduces Stock Holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Western Wealth Management LLC trimmed its holdings in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 3.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,536 shares of the company’s stock after selling 544 shares during the quarter. Western Wealth Management LLC’s holdings in First Trust Cloud Computing ETF were worth $1,362,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Migdal Insurance & Financial Holdings Ltd. grew its stake in First Trust Cloud Computing ETF by 50.1% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 22,875 shares of the company’s stock worth $2,008,000 after buying an additional 7,640 shares during the last quarter. NewEdge Wealth LLC acquired a new position in shares of First Trust Cloud Computing ETF in the fourth quarter valued at about $228,000. Meitav Investment House Ltd. increased its holdings in shares of First Trust Cloud Computing ETF by 31.1% in the fourth quarter. Meitav Investment House Ltd. now owns 39,607 shares of the company’s stock valued at $3,484,000 after purchasing an additional 9,398 shares during the period. Blue Bell Private Wealth Management LLC raised its stake in shares of First Trust Cloud Computing ETF by 37.7% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 720 shares of the company’s stock worth $63,000 after purchasing an additional 197 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of First Trust Cloud Computing ETF during the fourth quarter worth about $5,468,000.

First Trust Cloud Computing ETF Trading Down 1.5 %

Shares of NASDAQ:SKYY opened at $88.77 on Friday. First Trust Cloud Computing ETF has a twelve month low of $60.65 and a twelve month high of $97.78. The company’s 50 day moving average is $94.28 and its 200 day moving average is $86.76. The company has a market cap of $2.89 billion, a PE ratio of 35.15 and a beta of 1.55.

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.