Avantax Advisory Services Inc. Cuts Stock Position in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Avantax Advisory Services Inc. reduced its position in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 0.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,023 shares of the company’s stock after selling 239 shares during the quarter. Avantax Advisory Services Inc.’s holdings in First Trust Cloud Computing ETF were worth $4,529,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of First Trust Cloud Computing ETF by 77.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 284 shares of the company’s stock worth $34,000 after purchasing an additional 124 shares in the last quarter. Morse Asset Management Inc purchased a new position in shares of First Trust Cloud Computing ETF in the 3rd quarter worth about $40,000. SRS Capital Advisors Inc. boosted its holdings in shares of First Trust Cloud Computing ETF by 1,343.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 433 shares of the company’s stock worth $52,000 after purchasing an additional 403 shares in the last quarter. Hemington Wealth Management boosted its holdings in shares of First Trust Cloud Computing ETF by 29.6% in the 4th quarter. Hemington Wealth Management now owns 469 shares of the company’s stock worth $55,000 after purchasing an additional 107 shares in the last quarter. Finally, Kestra Investment Management LLC purchased a new position in shares of First Trust Cloud Computing ETF in the 4th quarter worth about $58,000.

First Trust Cloud Computing ETF Price Performance

Shares of SKYY stock opened at $107.27 on Friday. The stock has a market capitalization of $3.30 billion, a PE ratio of 32.02 and a beta of 1.06. First Trust Cloud Computing ETF has a 1-year low of $83.45 and a 1-year high of $131.54. The business has a 50-day moving average of $121.73 and a 200 day moving average of $114.74.

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.