TCG Advisory Services LLC Reduces Holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY)

TCG Advisory Services LLC lowered its stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 15.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,820 shares of the company’s stock after selling 1,391 shares during the quarter. TCG Advisory Services LLC’s holdings in First Trust Cloud Computing ETF were worth $686,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. LPL Financial LLC raised its stake in First Trust Cloud Computing ETF by 1.9% in the 3rd quarter. LPL Financial LLC now owns 868,932 shares of the company’s stock valued at $65,961,000 after purchasing an additional 16,393 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of First Trust Cloud Computing ETF by 8,785.2% during the fourth quarter. International Assets Investment Management LLC now owns 311,870 shares of the company’s stock valued at $27,342,000 after buying an additional 308,360 shares during the period. Raymond James & Associates boosted its position in First Trust Cloud Computing ETF by 5.7% during the fourth quarter. Raymond James & Associates now owns 147,672 shares of the company’s stock worth $12,946,000 after acquiring an additional 7,914 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in First Trust Cloud Computing ETF by 21.4% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 138,730 shares of the company’s stock worth $12,162,000 after acquiring an additional 24,473 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in First Trust Cloud Computing ETF by 3.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 112,799 shares of the company’s stock valued at $8,563,000 after acquiring an additional 4,174 shares during the last quarter.

First Trust Cloud Computing ETF Stock Up 0.4 %

Shares of SKYY stock traded up $0.34 during mid-day trading on Friday, hitting $91.75. 120,883 shares of the company’s stock were exchanged, compared to its average volume of 184,474. The stock has a 50-day simple moving average of $94.02 and a two-hundred day simple moving average of $87.91. First Trust Cloud Computing ETF has a fifty-two week low of $61.09 and a fifty-two week high of $97.78. The stock has a market cap of $2.96 billion, a price-to-earnings ratio of 33.21 and a beta of 1.58.

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.