Janney Montgomery Scott LLC cut its stake in First Trust Cloud Computing ETF (NASDAQ:SKYY – Free report) by 7.6% in the first quarter, the company said in its most recent filing with the Securities and Exchange Commission. The company owned 59,200 shares of the company after selling 4,857 shares during the period. Janney Montgomery Scott LLC owned approximately 0.15% of the $3,961,000 First Trust Cloud Computing ETF at the time of its most recent SEC filing.
Other major investors have also recently changed their stakes in the company. JPMorgan Chase & Co. increased its stake in the First Trust Cloud Computing ETF by 6.8% in the first quarter. JPMorgan Chase & Co. now owns 154,711 shares of the company’s stock valued at $14,004,000 after purchasing an additional 9,810 shares during the period. Jane Street Group LLC increased its holdings in the First Trust Cloud Computing ETF by 126.8% during the fourth quarter. Jane Street Group LLC now owns 139,917 shares of the company’s stock valued at $8,061,000 after purchasing an additional 78,217 shares during the period. Flagship Harbor Advisors LLC added approximately $6,051,000 to the First Trust Cloud Computing ETF during Q1. Ignite Planners LLC increased its stake in the First Trust Cloud Computing ETF by 2,111.8% during the fourth quarter. Ignite Planners LLC now owns 84,976 shares of the company’s stock valued at $5,458,000 after purchasing an additional 81,134 shares during the period. Finally, First Republic Investment Management Inc. increased its holdings in the First Trust Cloud Computing ETF by 71.8% during the first quarter. First Republic Investment Management Inc. now owns 82,215 shares of the company’s stock valued at $7,442,000 after purchasing an additional 34,350 shares during the period.
Price development of the First Trust Cloud Computing ETF
NASDAQ:SKYY shares opened at $78.35 on Tuesday. The First Trust Cloud Computing ETF has a 1-year low of $54.50 and a 1-year high of $82.10. The company has a market cap of $2.96 billion, a P/E of 20.90 and a beta of 1.06. The stock’s 50-day moving average is $74.62 and its 200-day moving average is $67.85.
First Trust Cloud Computing ETF Profile (Free Report)
The First Trust Cloud Computing ETF (SKYY) is an exchange traded fund based on the ISE Cloud Computing Index. The fund tracks an index of companies active in the cloud computing industry. Equities are modified-equal weighted and capped at 4.5%. SKYY was incorporated on July 5, 2011 and is managed by First Trust.
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