Sunbelt Securities Inc. Has $285,000 Stock Position in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Sunbelt Securities Inc. lowered its holdings in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 28.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 2,786 shares of the company’s stock after selling 1,105 shares during the period. Sunbelt Securities Inc.’s holdings in First Trust Cloud Computing ETF were worth $285,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. EdgeRock Capital LLC acquired a new position in First Trust Cloud Computing ETF during the 2nd quarter worth about $33,000. Morse Asset Management Inc bought a new position in shares of First Trust Cloud Computing ETF during the third quarter worth about $40,000. Blue Trust Inc. acquired a new position in shares of First Trust Cloud Computing ETF in the second quarter worth approximately $48,000. Values First Advisors Inc. acquired a new position in shares of First Trust Cloud Computing ETF in the third quarter worth approximately $49,000. Finally, Banque Cantonale Vaudoise bought a new stake in First Trust Cloud Computing ETF in the second quarter valued at approximately $54,000.

First Trust Cloud Computing ETF Stock Performance

NASDAQ:SKYY opened at $125.45 on Friday. First Trust Cloud Computing ETF has a fifty-two week low of $83.06 and a fifty-two week high of $131.13. The company has a 50 day simple moving average of $114.30 and a two-hundred day simple moving average of $101.81. The company has a market capitalization of $3.68 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.