First Trust Cloud Computing ETF (NASDAQ:SKYY) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. lessened its holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 7.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,482 shares of the company’s stock after selling 2,823 shares during the period. B. Riley Wealth Advisors Inc. owned approximately 0.11% of First Trust Cloud Computing ETF worth $3,401,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of SKYY. International Assets Investment Management LLC raised its holdings in First Trust Cloud Computing ETF by 11,038.7% in the 3rd quarter. International Assets Investment Management LLC now owns 412,243 shares of the company’s stock valued at $42,156,000 after buying an additional 408,542 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of First Trust Cloud Computing ETF by 86.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 177,430 shares of the company’s stock valued at $18,144,000 after acquiring an additional 82,121 shares during the period. Benjamin Edwards Inc. acquired a new position in shares of First Trust Cloud Computing ETF in the 3rd quarter worth approximately $5,373,000. Plotkin Financial Advisors LLC purchased a new position in shares of First Trust Cloud Computing ETF during the 3rd quarter worth approximately $3,062,000. Finally, Seaview Investment Managers LLC acquired a new stake in First Trust Cloud Computing ETF in the 2nd quarter valued at approximately $2,532,000.

First Trust Cloud Computing ETF Stock Down 1.2 %

Shares of NASDAQ SKYY opened at $125.45 on Friday. The business’s 50 day moving average is $114.75 and its two-hundred day moving average is $102.02. First Trust Cloud Computing ETF has a 52-week low of $83.06 and a 52-week high of $131.13. The firm has a market cap of $3.68 billion, a price-to-earnings ratio of 33.21 and a beta of 1.06.

About First Trust Cloud Computing ETF

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.