BNP Paribas Financial Markets Trims Holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY)

BNP Paribas Financial Markets lowered its position in First Trust Cloud Computing ETF (NASDAQ:SKYY – Free Report) by 27.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,904 shares of the company’s stock after selling 5,642 shares during the period. BNP Paribas Financial Markets’ holdings in First Trust Cloud Computing ETF were worth $1,425,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of SKYY. MJP Associates Inc. ADV lifted its stake in First Trust Cloud Computing ETF by 4.0% during the 1st quarter. MJP Associates Inc. ADV now owns 2,703 shares of the company’s stock valued at $258,000 after acquiring an additional 105 shares during the period. Prestige Wealth Management Group LLC lifted its position in First Trust Cloud Computing ETF by 0.3% during the fourth quarter. Prestige Wealth Management Group LLC now owns 38,748 shares of the company’s stock valued at $3,397,000 after purchasing an additional 114 shares during the period. Summit Financial LLC boosted its holdings in First Trust Cloud Computing ETF by 2.1% in the first quarter. Summit Financial LLC now owns 5,580 shares of the company’s stock valued at $533,000 after purchasing an additional 114 shares during the last quarter. International Assets Investment Management LLC grew its position in First Trust Cloud Computing ETF by 3.4% during the 1st quarter. International Assets Investment Management LLC now owns 3,677 shares of the company’s stock worth $351,000 after purchasing an additional 120 shares during the period. Finally, James J. Burns & Company LLC raised its stake in shares of First Trust Cloud Computing ETF by 3.4% during the 4th quarter. James J. Burns & Company LLC now owns 3,848 shares of the company’s stock valued at $337,000 after buying an additional 126 shares during the last quarter.

First Trust Cloud Computing ETF Stock Down 1.8 %

Shares of SKYY stock opened at $95.27 on Thursday. First Trust Cloud Computing ETF has a 52-week low of $70.42 and a 52-week high of $97.78. The stock has a market cap of $2.95 billion, a PE ratio of 33.21 and a beta of 1.06. The business has a 50-day simple moving average of $94.02 and a 200-day simple moving average of $92.93.

First Trust Cloud Computing ETF Profile

(Free Report)

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.

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