Beacon Financial Advisory LLC Has $508,000 Stock Position in First Trust Cloud Computing ETF $SKYY

Beacon Financial Advisory LLC lessened its stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 16.3% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 4,173 shares of the company’s stock after selling 810 shares during the quarter. Beacon Financial Advisory LLC’s holdings in First Trust Cloud Computing ETF were worth $508,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wealthcare Advisory Partners LLC raised its position in First Trust Cloud Computing ETF by 17.2% during the second quarter. Wealthcare Advisory Partners LLC now owns 4,508 shares of the company’s stock worth $548,000 after acquiring an additional 661 shares in the last quarter. Trivium Point Advisory LLC increased its stake in shares of First Trust Cloud Computing ETF by 0.4% during the 2nd quarter. Trivium Point Advisory LLC now owns 33,206 shares of the company’s stock worth $4,039,000 after purchasing an additional 127 shares during the last quarter. Traction Financial Partners LLC bought a new stake in shares of First Trust Cloud Computing ETF in the 2nd quarter valued at about $218,000. James J. Burns & Company LLC lifted its stake in First Trust Cloud Computing ETF by 2.8% in the 2nd quarter. James J. Burns & Company LLC now owns 5,610 shares of the company’s stock valued at $682,000 after purchasing an additional 155 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in First Trust Cloud Computing ETF by 4,686.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 13,353 shares of the company’s stock valued at $1,624,000 after purchasing an additional 13,074 shares during the last quarter.

First Trust Cloud Computing ETF Stock Down 0.5%

Shares of NASDAQ SKYY opened at $135.06 on Monday. The business’s 50 day moving average price is $127.80 and its two-hundred day moving average price is $117.14. The company has a market cap of $3.22 billion, a PE ratio of 33.85 and a beta of 1.06. First Trust Cloud Computing ETF has a twelve month low of $85.38 and a twelve month high of $138.82.

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.