Dakota Wealth Management Has $2.75 Million Stock Position in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Dakota Wealth Management cut its stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 1.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,054 shares of the company’s stock after selling 322 shares during the period. Dakota Wealth Management owned about 0.08% of First Trust Cloud Computing ETF worth $2,746,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Morse Asset Management Inc acquired a new position in First Trust Cloud Computing ETF during the third quarter worth $40,000. Values First Advisors Inc. bought a new stake in shares of First Trust Cloud Computing ETF in the 3rd quarter worth about $49,000. Anchor Investment Management LLC grew its holdings in shares of First Trust Cloud Computing ETF by 53.4% in the 2nd quarter. Anchor Investment Management LLC now owns 675 shares of the company’s stock worth $64,000 after purchasing an additional 235 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of First Trust Cloud Computing ETF during the 3rd quarter worth about $65,000. Finally, GAMMA Investing LLC lifted its holdings in First Trust Cloud Computing ETF by 37.2% during the 3rd quarter. GAMMA Investing LLC now owns 738 shares of the company’s stock valued at $75,000 after purchasing an additional 200 shares during the last quarter.

First Trust Cloud Computing ETF Trading Up 1.4 %

Shares of First Trust Cloud Computing ETF stock opened at $126.41 on Thursday. The stock has a market capitalization of $3.80 billion, a price-to-earnings ratio of 33.21 and a beta of 1.06. The firm’s 50-day moving average price is $122.17 and its two-hundred day moving average price is $107.61. First Trust Cloud Computing ETF has a 1-year low of $83.45 and a 1-year high of $131.13.

About First Trust Cloud Computing ETF

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.