FSB Premier Wealth Management Inc. Decreases Stock Holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY)

FSB Premier Wealth Management Inc. reduced its holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 9.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,105 shares of the company’s stock after selling 523 shares during the period. FSB Premier Wealth Management Inc.’s holdings in First Trust Cloud Computing ETF were worth $608,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the stock. LFA Lugano Financial Advisors SA bought a new stake in First Trust Cloud Computing ETF during the 4th quarter valued at $32,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of First Trust Cloud Computing ETF by 77.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 284 shares of the company’s stock worth $34,000 after acquiring an additional 124 shares in the last quarter. Morse Asset Management Inc purchased a new stake in First Trust Cloud Computing ETF during the third quarter valued at approximately $40,000. SRS Capital Advisors Inc. boosted its stake in First Trust Cloud Computing ETF by 1,343.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 433 shares of the company’s stock valued at $52,000 after acquiring an additional 403 shares in the last quarter. Finally, Hemington Wealth Management boosted its stake in First Trust Cloud Computing ETF by 29.6% in the fourth quarter. Hemington Wealth Management now owns 469 shares of the company’s stock valued at $55,000 after acquiring an additional 107 shares in the last quarter.

First Trust Cloud Computing ETF Trading Down 2.9 %

Shares of SKYY stock opened at $103.53 on Monday. First Trust Cloud Computing ETF has a 12-month low of $83.45 and a 12-month high of $131.54. The business’s fifty day simple moving average is $119.30 and its 200-day simple moving average is $115.89. The company has a market cap of $3.18 billion, a PE ratio of 33.08 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.