Oppenheimer & Co. Inc. reduced its position in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY – get rating) by 10.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The company owned 25,646 shares of the company’s stock after selling 3,107 shares during the period. Oppenheimer & Co. Inc. owned about 0.06% of the First Trust Cloud Computing ETF, valued at $1,477,000, as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently changed their positions in SKYY. Luken Investment Analytics LLC bought a fresh stake of shares in the First Trust Cloud Computing ETF worth about $34,000 during the fourth quarter. Worth Asset Management LLC added around $34,000 to the First Trust Cloud Computing ETF in Q1. Concord Wealth Partners bought a new position in the First Trust Cloud Computing ETF in Q4 worth around $44,000. YD More Investments Ltd acquired a new position in the First Trust Cloud Computing ETF in Q4 worth around $53,000. Finally, Signaturefd LLC increased its position in the First Trust Cloud Computing ETF by 30.9% during the fourth quarter. Signaturefd LLC now owns 1,060 shares of the company’s stock valued at $61,000 after purchasing an additional 250 shares last quarter.
Price history of the First Trust Cloud Computing ETF
SKYY stock opened at $63.23 on Wednesday. The company has a 50-day simple moving average of $64.44 and a 200-day simple moving average of $64.22. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of 20.90 and a beta of 1.06. The First Trust Cloud Computing ETF has a 1-year low of $54.50 and a 1-year high of $79.44.
About First Trust Cloud Computing ETF (Get Rating)
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.
Selected items
Want to see what other hedge funds are holding SKYY? Visit HoldingsChannel.com for the latest 13F filings and insider trading for the First Trust Cloud Computing ETF (NASDAQ:SKYY – Get Rating).
This instant news alert was generated using MarketBeat’s narrative science technology and financial data to provide readers with the fastest, most accurate reporting. This story was reviewed by the MarketBeat editorial team before publication. Please send questions or comments about this story to [email protected].
Before you consider the First Trust Cloud Computing ETF, here’s a listen.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now, before the broader market finds out… and First Trust Cloud Computing ETF wasn’t on the list.
While the First Trust Cloud Computing ETF currently has a “hold” rating from analysts, top analysts recommend these five stocks as better buys.
Check out the five stocks here
