Pine Valley Investments Ltd Liability Co Lowers Position in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Pine Valley Investments Ltd Liability Co lowered its stake in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 21.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,102 shares of the company’s stock after selling 845 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in First Trust Cloud Computing ETF were worth $370,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of First Trust Cloud Computing ETF by 77.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 284 shares of the company’s stock worth $34,000 after buying an additional 124 shares during the last quarter. Morse Asset Management Inc purchased a new stake in First Trust Cloud Computing ETF during the third quarter valued at about $40,000. Hemington Wealth Management increased its stake in First Trust Cloud Computing ETF by 29.6% during the fourth quarter. Hemington Wealth Management now owns 469 shares of the company’s stock worth $55,000 after acquiring an additional 107 shares during the last quarter. Kestra Investment Management LLC purchased a new position in shares of First Trust Cloud Computing ETF in the 4th quarter worth about $58,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of First Trust Cloud Computing ETF in the 3rd quarter valued at about $65,000.

First Trust Cloud Computing ETF Stock Performance

Shares of NASDAQ:SKYY opened at $119.68 on Thursday. The stock has a 50-day simple moving average of $124.36 and a 200-day simple moving average of $113.64. The stock has a market capitalization of $3.68 billion, a P/E ratio of 33.21 and a beta of 1.06. First Trust Cloud Computing ETF has a 1 year low of $83.45 and a 1 year high of $131.54.

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.