Concorde Asset Management LLC Cuts Stock Position in First Trust Cloud Computing ETF $SKYY

Concorde Asset Management LLC cut its stake in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 15.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,288 shares of the company’s stock after selling 4,999 shares during the quarter. First Trust Cloud Computing ETF accounts for approximately 1.5% of Concorde Asset Management LLC’s holdings, making the stock its 20th biggest position. Concorde Asset Management LLC owned approximately 0.13% of First Trust Cloud Computing ETF worth $2,984,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SKYY. Unconventional Investor LLC raised its position in First Trust Cloud Computing ETF by 64.5% during the 1st quarter. Unconventional Investor LLC now owns 3,291 shares of the company’s stock worth $360,000 after buying an additional 1,291 shares during the last quarter. Arkadios Wealth Advisors boosted its holdings in shares of First Trust Cloud Computing ETF by 2.6% in the first quarter. Arkadios Wealth Advisors now owns 4,577 shares of the company’s stock valued at $501,000 after acquiring an additional 116 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of First Trust Cloud Computing ETF by 12.7% in the first quarter. Royal Bank of Canada now owns 212,254 shares of the company’s stock valued at $23,212,000 after acquiring an additional 23,847 shares in the last quarter. Gateway Wealth Partners LLC increased its stake in shares of First Trust Cloud Computing ETF by 83.2% during the first quarter. Gateway Wealth Partners LLC now owns 34,452 shares of the company’s stock worth $3,768,000 after acquiring an additional 15,644 shares during the period. Finally, Vivaldi Capital Management LP increased its stake in shares of First Trust Cloud Computing ETF by 8.9% during the first quarter. Vivaldi Capital Management LP now owns 4,755 shares of the company’s stock worth $520,000 after acquiring an additional 389 shares during the period.

First Trust Cloud Computing ETF Stock Up 2.1%

NASDAQ SKYY opened at $143.00 on Friday. The stock has a market capitalization of $2.89 billion, a P/E ratio of 33.85 and a beta of 1.24. First Trust Cloud Computing ETF has a 52-week low of $103.76 and a 52-week high of $155.76. The firm has a 50-day moving average price of $136.74 and a 200 day moving average price of $123.94.

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.