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

Florin Court Capital LLP trimmed its position in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 57.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of First Trust Cloud Computing ETF by 12,567.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,301,211 shares of the company’s stock valued at $429,422,000 after buying an additional 3,275,151 shares during the period. UBS Group AG raised its holdings 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 purchasing an additional 11,236 shares during the period. Ameriprise Financial Inc. raised its holdings 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 purchasing an additional 11,987 shares during the period. Envestnet Asset Management Inc. raised its holdings 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 purchasing an additional 58,740 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings 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 purchasing an additional 488 shares during the period.

First Trust Cloud Computing ETF Stock Performance

Shares of First Trust Cloud Computing ETF stock opened at $128.50 on Friday. First Trust Cloud Computing ETF has a one year low of $103.76 and a one year high of $143.74. The stock’s fifty day moving average is $115.87 and its 200 day moving average is $122.51. The stock has a market cap of $2.65 billion, a P/E ratio of 33.85 and a beta of 1.19.

First Trust Cloud Computing ETF Company 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.