JPMorgan Chase & Co. Trims Stake in First Trust Cloud Computing ETF $SKYY

JPMorgan Chase & Co. trimmed its holdings in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 5.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 133,518 shares of the company’s stock after selling 7,384 shares during the quarter. JPMorgan Chase & Co. owned 0.47% of First Trust Cloud Computing ETF worth $16,241,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. JFS Wealth Advisors LLC boosted its stake in First Trust Cloud Computing ETF by 114.3% during the second quarter. JFS Wealth Advisors LLC now owns 375 shares of the company’s stock worth $46,000 after buying an additional 200 shares during the period. Advisors Preferred LLC purchased a new position in shares of First Trust Cloud Computing ETF during the 2nd quarter worth approximately $47,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of First Trust Cloud Computing ETF by 73.0% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 614 shares of the company’s stock worth $75,000 after purchasing an additional 259 shares during the period. Huntington National Bank increased its holdings in First Trust Cloud Computing ETF by 190.9% in the 2nd quarter. Huntington National Bank now owns 800 shares of the company’s stock valued at $97,000 after purchasing an additional 525 shares during the last quarter. Finally, Founders Financial Alliance LLC raised its position in First Trust Cloud Computing ETF by 119.5% in the first quarter. Founders Financial Alliance LLC now owns 1,170 shares of the company’s stock valued at $120,000 after purchasing an additional 637 shares during the period.

First Trust Cloud Computing ETF Stock Performance

Shares of SKYY opened at $132.19 on Friday. The stock has a market capitalization of $3.17 billion, a PE ratio of 33.85 and a beta of 1.24. First Trust Cloud Computing ETF has a 1 year low of $85.38 and a 1 year high of $143.74. The company’s 50-day simple moving average is $134.08 and its 200-day simple moving average is $126.73.

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.