Main Street Financial Solutions LLC Reduces Stock Position in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Main Street Financial Solutions LLC lowered its stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 4.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,676 shares of the company’s stock after selling 344 shares during the quarter. Main Street Financial Solutions LLC’s holdings in First Trust Cloud Computing ETF were worth $683,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Prime Capital Investment Advisors LLC grew its stake in shares of First Trust Cloud Computing ETF by 16.9% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 2,824 shares of the company’s stock valued at $289,000 after purchasing an additional 409 shares during the period. Proactive Wealth Strategies LLC purchased a new stake in First Trust Cloud Computing ETF during the third quarter valued at approximately $1,709,000. Apollon Financial LLC raised its position in First Trust Cloud Computing ETF by 65.5% in the third quarter. Apollon Financial LLC now owns 10,596 shares of the company’s stock worth $1,084,000 after acquiring an additional 4,192 shares during the period. Harbour Investments Inc. boosted its stake in shares of First Trust Cloud Computing ETF by 27.7% during the 3rd quarter. Harbour Investments Inc. now owns 11,003 shares of the company’s stock worth $1,125,000 after acquiring an additional 2,389 shares during the last quarter. Finally, Jaffetilchin Investment Partners LLC grew its position in shares of First Trust Cloud Computing ETF by 0.9% during the 3rd quarter. Jaffetilchin Investment Partners LLC now owns 31,300 shares of the company’s stock valued at $3,201,000 after acquiring an additional 287 shares during the period.

First Trust Cloud Computing ETF Stock Performance

NASDAQ SKYY opened at $119.94 on Thursday. The business’s fifty day moving average is $103.98 and its 200 day moving average is $97.48. The company has a market capitalization of $3.51 billion, a PE ratio of 33.21 and a beta of 1.06. First Trust Cloud Computing ETF has a fifty-two week low of $78.14 and a fifty-two week high of $121.59.

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.