SignalPoint Asset Management LLC Sells 1,525 Shares of First Trust Cloud Computing ETF (NASDAQ:SKYY)

SignalPoint Asset Management LLC reduced its stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 9.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,255 shares of the company’s stock after selling 1,525 shares during the period. SignalPoint Asset Management LLC’s holdings in First Trust Cloud Computing ETF were worth $1,083,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of SKYY. Anfield Capital Management LLC grew its stake in shares of First Trust Cloud Computing ETF by 1,268.7% in the 1st quarter. Anfield Capital Management LLC now owns 289,460 shares of the company’s stock valued at $2,211,000 after purchasing an additional 268,311 shares during the period. Money Concepts Capital Corp grew its stake in shares of First Trust Cloud Computing ETF by 404.1% in the 1st quarter. Money Concepts Capital Corp now owns 200,125 shares of the company’s stock valued at $2,302,000 after purchasing an additional 160,422 shares during the period. Private Advisor Group LLC bought a new stake in shares of First Trust Cloud Computing ETF in the 1st quarter valued at approximately $7,480,000. Flagship Harbor Advisors LLC bought a new stake in shares of First Trust Cloud Computing ETF in the 1st quarter valued at approximately $6,051,000. Finally, Jane Street Group LLC grew its stake in shares of First Trust Cloud Computing ETF by 126.8% in the 4th quarter. Jane Street Group LLC now owns 139,917 shares of the company’s stock valued at $8,061,000 after purchasing an additional 78,217 shares during the period.

First Trust Cloud Computing ETF Trading Down 1.0 %

NASDAQ SKYY traded down $0.76 during trading hours on Tuesday, reaching $77.31. 16,412 shares of the company’s stock were exchanged, compared to its average volume of 272,326. The stock has a market cap of $2.75 billion, a PE ratio of 20.90 and a beta of 1.06. First Trust Cloud Computing ETF has a one year low of $54.50 and a one year high of $82.10. The firm has a fifty day moving average of $78.64 and a 200-day moving average of $71.87.

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.