Meitav Investment House Ltd. lowered its position in First Trust Cloud Computing ETF (NASDAQ:SKYY – Free Report) by 53.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,955 shares of the company’s stock after selling 16,056 shares during the period. Meitav Investment House Ltd.’s holdings in First Trust Cloud Computing ETF were worth $1,408,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of SKYY. EdgeRock Capital LLC acquired a new stake in First Trust Cloud Computing ETF in the second quarter valued at $33,000. VitalStone Financial LLC grew its stake in First Trust Cloud Computing ETF by 44.4% in the 1st quarter. VitalStone Financial LLC now owns 465 shares of the company’s stock valued at $44,000 after acquiring an additional 143 shares during the last quarter. Blue Trust Inc. purchased a new position in First Trust Cloud Computing ETF during the 2nd quarter valued at about $48,000. Values First Advisors Inc. acquired a new position in First Trust Cloud Computing ETF during the third quarter worth about $49,000. Finally, Banque Cantonale Vaudoise acquired a new position in First Trust Cloud Computing ETF during the second quarter worth about $54,000.
First Trust Cloud Computing ETF Price Performance
Shares of NASDAQ SKYY opened at $106.85 on Thursday. The firm’s 50-day moving average is $101.12 and its two-hundred day moving average is $96.07. First Trust Cloud Computing ETF has a 12-month low of $71.87 and a 12-month high of $108.14. The company has a market capitalization of $3.13 billion, a PE ratio of 33.21 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.
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