Prestige Wealth Management Group LLC Sells 1,213 Shares of First Trust Cloud Computing ETF (NASDAQ:SKYY)

Prestige Wealth Management Group LLC trimmed its holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 3.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,991 shares of the company’s stock after selling 1,213 shares during the period. Prestige Wealth Management Group LLC owned approximately 0.10% of First Trust Cloud Computing ETF worth $2,961,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Belpointe Asset Management LLC increased its holdings in First Trust Cloud Computing ETF by 38.3% during the 2nd quarter. Belpointe Asset Management LLC now owns 11,195 shares of the company’s stock worth $1,069,000 after acquiring an additional 3,099 shares during the period. Founders Financial Securities LLC bought a new position in shares of First Trust Cloud Computing ETF in the second quarter worth approximately $203,000. Banque Cantonale Vaudoise bought a new position in shares of First Trust Cloud Computing ETF in the second quarter worth approximately $54,000. IFG Advisory LLC purchased a new stake in First Trust Cloud Computing ETF in the second quarter valued at approximately $416,000. Finally, EdgeRock Capital LLC bought a new stake in First Trust Cloud Computing ETF during the second quarter valued at approximately $33,000.

First Trust Cloud Computing ETF Trading Down 2.0 %

Shares of NASDAQ:SKYY traded down $1.95 during trading on Friday, reaching $93.47. The company had a trading volume of 84,566 shares, compared to its average volume of 150,531. First Trust Cloud Computing ETF has a 12 month low of $70.42 and a 12 month high of $98.50. The stock has a market capitalization of $2.87 billion, a P/E ratio of 33.21 and a beta of 1.06. The company has a fifty day moving average of $94.82 and a two-hundred day moving average of $94.02.

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.