Thrivent Financial for Lutherans Reduces Stock Holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Thrivent Financial for Lutherans reduced its stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 4.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,929 shares of the company’s stock after selling 361 shares during the period. Thrivent Financial for Lutherans’ holdings in First Trust Cloud Computing ETF were worth $757,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in SKYY. EdgeRock Capital LLC purchased a new position in First Trust Cloud Computing ETF in the second quarter valued at approximately $33,000. PFS Partners LLC purchased a new position in shares of First Trust Cloud Computing ETF during the first quarter worth approximately $43,000. VitalStone Financial LLC lifted its holdings in shares of First Trust Cloud Computing ETF by 44.4% during the first quarter. VitalStone Financial LLC now owns 465 shares of the company’s stock worth $44,000 after purchasing an additional 143 shares during the period. Future Financial Wealth Managment LLC acquired a new stake in shares of First Trust Cloud Computing ETF during the first quarter worth $48,000. Finally, Blue Trust Inc. acquired a new stake in shares of First Trust Cloud Computing ETF during the second quarter worth $48,000.

First Trust Cloud Computing ETF Price Performance

Shares of NASDAQ SKYY opened at $101.51 on Tuesday. The stock has a fifty day moving average price of $96.79 and a 200 day moving average price of $94.84. First Trust Cloud Computing ETF has a 1-year low of $70.42 and a 1-year high of $103.20. The company has a market cap of $2.95 billion, a PE ratio of 33.21 and a beta of 1.06.

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.