Eudaimonia Advisors LLC Sells 971 Shares of First Trust Cloud Computing ETF (NASDAQ:SKYY)

Eudaimonia Advisors LLC decreased its position in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 13.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 6,430 shares of the company’s stock after selling 971 shares during the quarter. Eudaimonia Advisors LLC’s holdings in First Trust Cloud Computing ETF were worth $564,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Pinnacle Associates Ltd. lifted its stake in First Trust Cloud Computing ETF by 3.7% in the fourth quarter. Pinnacle Associates Ltd. now owns 5,241 shares of the company’s stock valued at $460,000 after buying an additional 185 shares during the period. Blue Bell Private Wealth Management LLC raised its position in First Trust Cloud Computing ETF by 37.7% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 720 shares of the company’s stock valued at $63,000 after buying an additional 197 shares during the last quarter. Strategic Advisors LLC raised its position in First Trust Cloud Computing ETF by 4.0% in the 4th quarter. Strategic Advisors LLC now owns 5,143 shares of the company’s stock valued at $451,000 after buying an additional 199 shares during the last quarter. VitalStone Financial LLC raised its position in First Trust Cloud Computing ETF by 144.8% in the 3rd quarter. VitalStone Financial LLC now owns 350 shares of the company’s stock valued at $27,000 after buying an additional 207 shares during the last quarter. Finally, Emerald Advisors LLC raised its position in First Trust Cloud Computing ETF by 2.8% in the 4th quarter. Emerald Advisors LLC now owns 7,829 shares of the company’s stock valued at $686,000 after buying an additional 212 shares during the last quarter.

First Trust Cloud Computing ETF Stock Performance

First Trust Cloud Computing ETF stock traded up $2.35 during midday trading on Tuesday, reaching $92.22. The stock had a trading volume of 160,447 shares, compared to its average volume of 192,054. The firm’s fifty day simple moving average is $94.16 and its 200-day simple moving average is $87.04. First Trust Cloud Computing ETF has a 1-year low of $60.65 and a 1-year high of $97.78. The stock has a market capitalization of $3.00 billion, a P/E ratio of 35.15 and a beta of 1.06.

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.