Assetmark Inc. Cuts Stock Position in First Trust Cloud Computing ETF $SKYY

Assetmark Inc. lessened its stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 15.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,083 shares of the company’s stock after selling 3,696 shares during the quarter. Assetmark Inc.’s holdings in First Trust Cloud Computing ETF were worth $2,443,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. JFS Wealth Advisors LLC increased its stake in First Trust Cloud Computing ETF by 114.3% during the 2nd quarter. JFS Wealth Advisors LLC now owns 375 shares of the company’s stock worth $46,000 after buying an additional 200 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in First Trust Cloud Computing ETF by 69.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 481 shares of the company’s stock worth $50,000 after buying an additional 197 shares in the last quarter. China Universal Asset Management Co. Ltd. purchased a new stake in First Trust Cloud Computing ETF during the 1st quarter worth approximately $66,000. Banque Cantonale Vaudoise purchased a new stake in First Trust Cloud Computing ETF during the 1st quarter worth approximately $67,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in First Trust Cloud Computing ETF by 73.0% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 614 shares of the company’s stock worth $75,000 after buying an additional 259 shares in the last quarter.

First Trust Cloud Computing ETF Trading Down 3.8%

NASDAQ:SKYY opened at $138.07 on Wednesday. First Trust Cloud Computing ETF has a 12 month low of $85.38 and a 12 month high of $143.74. The stock has a 50 day moving average of $134.67 and a two-hundred day moving average of $123.05. The firm has a market cap of $3.31 billion, a P/E ratio of 33.85 and a beta of 1.24.

First Trust Cloud Computing ETF Company 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.