Raymond James Financial Services Advisors Inc. Sells 3,729 Shares of First Trust Cloud Computing ETF (NASDAQ:SKYY)

Raymond James Financial Services Advisors Inc. lowered its position in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 2.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 135,001 shares of the company’s stock after selling 3,729 shares during the quarter. Raymond James Financial Services Advisors Inc. owned approximately 0.41% of First Trust Cloud Computing ETF worth $12,906,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in SKYY. Raymond James & Associates grew its holdings in First Trust Cloud Computing ETF by 14.2% during the third quarter. Raymond James & Associates now owns 139,758 shares of the company’s stock valued at $10,609,000 after purchasing an additional 17,391 shares during the period. Continuum Wealth Advisors LLC raised its stake in First Trust Cloud Computing ETF by 5.0% during the 3rd quarter. Continuum Wealth Advisors LLC now owns 59,797 shares of the company’s stock worth $4,539,000 after buying an additional 2,839 shares during the period. Whittier Trust Co. bought a new position in First Trust Cloud Computing ETF during the third quarter worth about $28,000. Wealthfront Advisers LLC grew its stake in First Trust Cloud Computing ETF by 15.7% in the third quarter. Wealthfront Advisers LLC now owns 6,819 shares of the company’s stock valued at $518,000 after acquiring an additional 926 shares during the period. Finally, Florin Court Capital LLP increased its holdings in shares of First Trust Cloud Computing ETF by 1,300.0% in the third quarter. Florin Court Capital LLP now owns 70,000 shares of the company’s stock worth $5,314,000 after acquiring an additional 65,000 shares in the last quarter.

First Trust Cloud Computing ETF Trading Up 0.4 %

Shares of NASDAQ SKYY traded up $0.34 during mid-day trading on Friday, reaching $91.75. 120,883 shares of the company’s stock were exchanged, compared to its average volume of 184,474. First Trust Cloud Computing ETF has a twelve month low of $61.09 and a twelve month high of $97.78. The firm has a market capitalization of $2.96 billion, a price-to-earnings ratio of 35.15 and a beta of 1.06. The business has a fifty day simple moving average of $94.02 and a 200 day simple moving average of $87.91.

About First Trust Cloud Computing ETF

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.