Tidemark LLC Has $201,000 Stock Holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Tidemark LLC trimmed its holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 7.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,970 shares of the company’s stock after selling 159 shares during the quarter. Tidemark LLC’s holdings in First Trust Cloud Computing ETF were worth $201,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. EdgeRock Capital LLC acquired a new position in shares of First Trust Cloud Computing ETF during the second quarter worth approximately $33,000. Values First Advisors Inc. acquired a new position in First Trust Cloud Computing ETF during the 3rd quarter worth $49,000. Blue Trust Inc. bought a new position in First Trust Cloud Computing ETF in the 2nd quarter valued at $48,000. Banque Cantonale Vaudoise acquired a new stake in shares of First Trust Cloud Computing ETF in the 2nd quarter valued at $54,000. Finally, Anchor Investment Management LLC raised its position in shares of First Trust Cloud Computing ETF by 53.4% during the second quarter. Anchor Investment Management LLC now owns 675 shares of the company’s stock worth $64,000 after acquiring an additional 235 shares during the last quarter.

First Trust Cloud Computing ETF Stock Down 2.2 %

Shares of SKYY opened at $115.58 on Monday. The stock’s fifty day simple moving average is $105.37 and its 200-day simple moving average is $98.04. The firm has a market capitalization of $3.39 billion, a PE ratio of 33.21 and a beta of 1.06. First Trust Cloud Computing ETF has a 12-month low of $78.14 and a 12-month high of $121.59.

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.