Avantax Advisory Services Inc. Sells 239 Shares of First Trust Cloud Computing ETF (NASDAQ:SKYY)

Avantax Advisory Services Inc. trimmed its stake in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 0.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 38,023 shares of the company’s stock after selling 239 shares during the quarter. Avantax Advisory Services Inc. owned 0.12% of First Trust Cloud Computing ETF worth $4,529,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new stake in shares of First Trust Cloud Computing ETF during the 4th quarter valued at $32,119,000. PNC Financial Services Group Inc. grew its position in First Trust Cloud Computing ETF by 86.2% during the third quarter. PNC Financial Services Group Inc. now owns 177,430 shares of the company’s stock worth $18,144,000 after buying an additional 82,121 shares in the last quarter. Private Advisor Group LLC grew its position in First Trust Cloud Computing ETF by 34.2% during the fourth quarter. Private Advisor Group LLC now owns 161,588 shares of the company’s stock worth $19,248,000 after buying an additional 41,222 shares in the last quarter. JPMorgan Chase & Co. grew its position in First Trust Cloud Computing ETF by 4.0% during the third quarter. JPMorgan Chase & Co. now owns 147,336 shares of the company’s stock worth $15,067,000 after buying an additional 5,620 shares in the last quarter. Finally, National Bank of Canada FI grew its position in First Trust Cloud Computing ETF by 2.7% during the third quarter. National Bank of Canada FI now owns 61,284 shares of the company’s stock worth $6,267,000 after buying an additional 1,596 shares in the last quarter.

First Trust Cloud Computing ETF Stock Up 3.7 %

First Trust Cloud Computing ETF stock opened at $107.27 on Friday. First Trust Cloud Computing ETF has a 52 week low of $83.45 and a 52 week high of $131.54. The business has a 50-day simple moving average of $121.73 and a 200 day simple moving average of $114.74. The stock has a market cap of $3.30 billion, a price-to-earnings ratio of 32.02 and a beta of 1.06.

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.