Stratos Wealth Partners LTD. Has $2.67 Million Position in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Stratos Wealth Partners LTD. lessened its holdings in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 7.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,392 shares of the company’s stock after selling 1,760 shares during the period. Stratos Wealth Partners LTD.’s holdings in First Trust Cloud Computing ETF were worth $2,667,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Morse Asset Management Inc acquired a new position in First Trust Cloud Computing ETF during the 3rd quarter worth approximately $40,000. Values First Advisors Inc. acquired a new position in First Trust Cloud Computing ETF during the third quarter worth approximately $49,000. Wilmington Savings Fund Society FSB acquired a new position in shares of First Trust Cloud Computing ETF during the 3rd quarter worth approximately $65,000. GAMMA Investing LLC raised its position in shares of First Trust Cloud Computing ETF by 37.2% in the third quarter. GAMMA Investing LLC now owns 738 shares of the company’s stock valued at $75,000 after purchasing an additional 200 shares during the period. Finally, Eastern Bank acquired a new stake in First Trust Cloud Computing ETF during the fourth quarter worth approximately $114,000.

First Trust Cloud Computing ETF Price Performance

SKYY opened at $128.94 on Friday. The company has a market capitalization of $3.96 billion, a PE ratio of 33.21 and a beta of 1.06. The business has a fifty day simple moving average of $124.04 and a 200 day simple moving average of $110.11. First Trust Cloud Computing ETF has a 1 year low of $83.45 and a 1 year high of $131.13.

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.