Creekmur Asset Management LLC Trims Stake in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Creekmur Asset Management LLC decreased its position in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 8.1% during the third quarter, according to its most recent filing with the SEC. The firm owned 8,521 shares of the company’s stock after selling 747 shares during the period. Creekmur Asset Management LLC’s holdings in First Trust Cloud Computing ETF were worth $871,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Great Diamond Partners LLC purchased a new stake in shares of First Trust Cloud Computing ETF in the 3rd quarter worth approximately $2,019,000. Lodestar Private Asset Management LLC purchased a new stake in shares of First Trust Cloud Computing ETF in the 3rd quarter worth approximately $211,000. Gateway Wealth Partners LLC grew its stake in shares of First Trust Cloud Computing ETF by 11.1% in the 3rd quarter. Gateway Wealth Partners LLC now owns 14,085 shares of the company’s stock worth $1,440,000 after buying an additional 1,402 shares during the last quarter. L. Roy Papp & Associates LLP purchased a new stake in shares of First Trust Cloud Computing ETF in the 3rd quarter worth approximately $205,000. Finally, Values First Advisors Inc. purchased a new stake in shares of First Trust Cloud Computing ETF in the 3rd quarter worth approximately $49,000.

First Trust Cloud Computing ETF Stock Up 1.3 %

First Trust Cloud Computing ETF stock opened at $107.03 on Wednesday. The company has a market capitalization of $3.14 billion, a P/E ratio of 33.21 and a beta of 1.06. The stock’s 50 day moving average is $100.94 and its 200 day moving average is $95.99. First Trust Cloud Computing ETF has a twelve month low of $71.26 and a twelve month high of $107.74.

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.