Acorn Wealth Advisors LLC Sells 210 Shares of First Trust Cloud Computing ETF (NASDAQ:SKYY)

Acorn Wealth Advisors LLC lowered its holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 4.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,464 shares of the company’s stock after selling 210 shares during the period. Acorn Wealth Advisors LLC’s holdings in First Trust Cloud Computing ETF were worth $532,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in SKYY. Mirae Asset Global Investments Co. Ltd. raised its position in shares of First Trust Cloud Computing ETF by 77.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 284 shares of the company’s stock valued at $34,000 after buying an additional 124 shares during the last quarter. Morse Asset Management Inc bought a new position 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 valued at $55,000 after acquiring an additional 107 shares during the period. Kestra Investment Management LLC acquired a new position in First Trust Cloud Computing ETF in the 4th quarter valued at approximately $58,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of First Trust Cloud Computing ETF in the 3rd quarter worth approximately $65,000.

First Trust Cloud Computing ETF Trading Down 1.2 %

Shares of NASDAQ:SKYY opened at $120.27 on Tuesday. The business’s 50 day moving average is $124.68 and its 200-day moving average is $113.21. The firm has a market capitalization of $3.70 billion, a PE 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.