Florin Court Capital LLP Sells 11,300 Shares of First Trust Cloud Computing ETF $SKYY

Florin Court Capital LLP reduced its stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 57.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 8,300 shares of the company’s stock after selling 11,300 shares during the quarter. First Trust Cloud Computing ETF accounts for approximately 1.5% of Florin Court Capital LLP’s holdings, making the stock its 20th largest position. Florin Court Capital LLP’s holdings in First Trust Cloud Computing ETF were worth $1,080,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. raised its holdings in First Trust Cloud Computing ETF by 12,567.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,301,211 shares of the company’s stock worth $429,422,000 after purchasing an additional 3,275,151 shares during the period. UBS Group AG increased its stake in First Trust Cloud Computing ETF by 2.1% in the 3rd quarter. UBS Group AG now owns 538,996 shares of the company’s stock worth $72,452,000 after buying an additional 11,236 shares in the last quarter. Ameriprise Financial Inc. increased its stake in First Trust Cloud Computing ETF by 7.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 164,762 shares of the company’s stock worth $20,041,000 after buying an additional 11,987 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in First Trust Cloud Computing ETF by 61.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 154,904 shares of the company’s stock worth $20,822,000 after buying an additional 58,740 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in First Trust Cloud Computing ETF by 0.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 134,006 shares of the company’s stock worth $18,013,000 after buying an additional 488 shares in the last quarter.

First Trust Cloud Computing ETF Stock Performance

Shares of SKYY stock opened at $128.50 on Friday. First Trust Cloud Computing ETF has a 52-week low of $103.76 and a 52-week high of $143.74. The firm has a market capitalization of $2.65 billion, a PE ratio of 33.85 and a beta of 1.19. The stock has a fifty day simple moving average of $115.87 and a two-hundred day simple moving average of $122.51.

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.