Ignite Planners LLC Trims Position in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Ignite Planners LLC lowered its stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 2.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 69,198 shares of the company’s stock after selling 1,454 shares during the quarter. First Trust Cloud Computing ETF comprises approximately 1.8% of Ignite Planners LLC’s holdings, making the stock its 7th largest holding. Ignite Planners LLC owned 0.23% of First Trust Cloud Computing ETF worth $8,429,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in SKYY. International Assets Investment Management LLC lifted its position in shares of First Trust Cloud Computing ETF by 11,038.7% in the third quarter. International Assets Investment Management LLC now owns 412,243 shares of the company’s stock worth $42,156,000 after buying an additional 408,542 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in First Trust Cloud Computing ETF by 86.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 177,430 shares of the company’s stock worth $18,144,000 after acquiring an additional 82,121 shares during the last quarter. Raymond James & Associates raised its holdings in shares of First Trust Cloud Computing ETF by 9.2% during the 3rd quarter. Raymond James & Associates now owns 162,068 shares of the company’s stock worth $16,573,000 after acquiring an additional 13,689 shares in the last quarter. Main Management ETF Advisors LLC boosted its position in shares of First Trust Cloud Computing ETF by 0.8% during the 2nd quarter. Main Management ETF Advisors LLC now owns 155,600 shares of the company’s stock valued at $14,864,000 after acquiring an additional 1,200 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of First Trust Cloud Computing ETF by 4.0% in the third quarter. JPMorgan Chase & Co. now owns 147,336 shares of the company’s stock valued at $15,067,000 after purchasing an additional 5,620 shares in the last quarter.

First Trust Cloud Computing ETF Stock Performance

Shares of SKYY opened at $117.45 on Tuesday. The stock has a market capitalization of $3.57 billion, a PE ratio of 33.21 and a beta of 1.06. The company’s fifty day moving average is $121.48 and its 200 day moving average is $106.55. First Trust Cloud Computing ETF has a fifty-two week low of $83.45 and a fifty-two week high of $131.13.

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.