First Trust Cloud Computing ETF $SKYY Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC reduced its stake in shares of First Trust Cloud Computing ETF (NASDAQ:SKYYFree Report) by 10.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,587 shares of the company’s stock after selling 6,327 shares during the quarter. Janney Montgomery Scott LLC owned about 0.26% of First Trust Cloud Computing ETF worth $5,970,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Parallel Advisors LLC boosted its holdings in shares of First Trust Cloud Computing ETF by 97.0% during the third quarter. Parallel Advisors LLC now owns 197 shares of the company’s stock valued at $26,000 after acquiring an additional 97 shares during the period. N.E.W. Advisory Services LLC acquired a new stake in shares of First Trust Cloud Computing ETF in the 4th quarter worth about $30,000. Franklin Resources Inc. acquired a new stake in shares of First Trust Cloud Computing ETF in the 4th quarter worth about $33,000. Capital Advisors Ltd. LLC bought a new stake in First Trust Cloud Computing ETF in the 1st quarter valued at about $35,000. Finally, Russell Investments Group Ltd. boosted its stake in First Trust Cloud Computing ETF by 177.9% during the 4th quarter. Russell Investments Group Ltd. now owns 289 shares of the company’s stock valued at $38,000 after purchasing an additional 185 shares during the period.

First Trust Cloud Computing ETF Stock Performance

NASDAQ SKYY opened at $134.86 on Friday. First Trust Cloud Computing ETF has a 52 week low of $103.76 and a 52 week high of $155.76. The stock has a market cap of $2.73 billion, a price-to-earnings ratio of 33.85 and a beta of 1.24. The company has a 50-day moving average price of $132.07 and a two-hundred day moving average price of $122.98.

First Trust Cloud Computing ETF Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for First Trust Cloud Computing ETF (NASDAQ:SKYY)

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