Spire Wealth Management reduced its stake in First Trust Cloud Computing ETF (NASDAQ:SKYY – Free Report) by 30.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,328 shares of the company’s stock after selling 3,210 shares during the period. Spire Wealth Management’s holdings in First Trust Cloud Computing ETF were worth $490,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also made changes to their positions in the stock. Anfield Capital Management LLC boosted its stake in shares of First Trust Cloud Computing ETF by 1,268.7% in the first quarter. Anfield Capital Management LLC now owns 289,460 shares of the company’s stock valued at $2,211,000 after buying an additional 268,311 shares during the period. Money Concepts Capital Corp boosted its stake in shares of First Trust Cloud Computing ETF by 404.1% in the first quarter. Money Concepts Capital Corp now owns 200,125 shares of the company’s stock valued at $2,302,000 after buying an additional 160,422 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of First Trust Cloud Computing ETF by 6.8% in the first quarter. JPMorgan Chase & Co. now owns 154,711 shares of the company’s stock valued at $14,004,000 after buying an additional 9,810 shares during the period. Jane Street Group LLC boosted its stake in shares of First Trust Cloud Computing ETF by 126.8% in the fourth quarter. Jane Street Group LLC now owns 139,917 shares of the company’s stock valued at $8,061,000 after buying an additional 78,217 shares during the period. Finally, Integrated Wealth Concepts LLC boosted its stake in shares of First Trust Cloud Computing ETF by 222.4% in the first quarter. Integrated Wealth Concepts LLC now owns 108,243 shares of the company’s stock valued at $7,242,000 after buying an additional 74,666 shares during the period.
First Trust Cloud Computing ETF Trading Up 0.4 %
Shares of SKYY stock opened at $75.61 on Friday. The stock has a market cap of $2.69 billion, a P/E ratio of 20.90 and a beta of 1.06. The stock has a 50 day simple moving average of $77.10 and a 200 day simple moving average of $69.68. First Trust Cloud Computing ETF has a 1 year low of $54.50 and a 1 year high of $82.10.
About First Trust Cloud Computing ETF
(Free Report)
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.
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