First Trust Cloud Computing ETF $SKYY Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets cut its stake in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 47.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 56,428 shares of the company’s stock after selling 51,180 shares during the quarter. BNP Paribas Financial Markets owned about 0.25% of First Trust Cloud Computing ETF worth $7,340,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. increased its stake in First Trust Cloud Computing ETF by 12,567.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,301,211 shares of the company’s stock valued at $429,422,000 after purchasing an additional 3,275,151 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in First Trust Cloud Computing ETF by 61.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 154,904 shares of the company’s stock valued at $20,822,000 after purchasing an additional 58,740 shares in the last quarter. AlphaCore Capital LLC purchased a new position in First Trust Cloud Computing ETF in the 4th quarter valued at approximately $6,823,000. Marshall Wace LLP purchased a new position in First Trust Cloud Computing ETF in the 2nd quarter valued at approximately $3,175,000. Finally, Warner Group LLC purchased a new position in First Trust Cloud Computing ETF in the 3rd quarter valued at approximately $3,279,000.

First Trust Cloud Computing ETF Price Performance

NASDAQ SKYY opened at $136.30 on Wednesday. First Trust Cloud Computing ETF has a 1-year low of $103.76 and a 1-year high of $155.76. The company has a market capitalization of $2.81 billion, a P/E ratio of 33.85 and a beta of 1.24. The business has a 50 day moving average price of $124.78 and a 200 day moving average price of $122.62.

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.