First Trust Cloud Computing ETF (NASDAQ:SKYY) Holdings Cut by Insigneo Advisory Services LLC

Insigneo Advisory Services LLC reduced its stake in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 9.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,052 shares of the company’s stock after selling 642 shares during the period. Insigneo Advisory Services LLC’s holdings in First Trust Cloud Computing ETF were worth $619,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Stifel Financial Corp boosted its position in First Trust Cloud Computing ETF by 4.6% during the third quarter. Stifel Financial Corp now owns 50,047 shares of the company’s stock valued at $5,118,000 after purchasing an additional 2,207 shares during the last quarter. Morse Asset Management Inc acquired a new stake in shares of First Trust Cloud Computing ETF during the 3rd quarter valued at about $40,000. Benjamin Edwards Inc. bought a new stake in shares of First Trust Cloud Computing ETF in the 3rd quarter valued at approximately $5,373,000. Plotkin Financial Advisors LLC acquired a new position in First Trust Cloud Computing ETF in the third quarter worth approximately $3,062,000. Finally, Captrust Financial Advisors raised its position in First Trust Cloud Computing ETF by 3.1% during the third quarter. Captrust Financial Advisors now owns 3,869 shares of the company’s stock valued at $396,000 after acquiring an additional 116 shares in the last quarter.

First Trust Cloud Computing ETF Stock Up 2.8 %

SKYY stock opened at $130.46 on Friday. The firm has a 50 day moving average of $112.25 and a two-hundred day moving average of $100.98. First Trust Cloud Computing ETF has a 12 month low of $81.82 and a 12 month high of $131.13. The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of 33.21 and a beta of 1.06.

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.