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Flaharty Asset Management LLC reduces its holdings in the First Trust Cloud Computing ETF (NASDAQ:SKYY)

Elaine Mendonça by Elaine Mendonça
January 21, 2023
in News
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The most recent 13F filing that the company made with the Securities and Exchange Commission reveals that during the third quarter, Flaharty Asset Management LLC reduced its holdings in First Trust Cloud Computing ETF (NASDAQ: SKYY). The institutional investor had 28,592 shares in their possession at the end of that period, having sold 5,483 shares of the company’s stock. At the end of the most recent reporting period, Flaharty Asset Management LLC was the proud owner of the First Trust Cloud Computing ETF, which had a total value of $1,727,000 and accounted for 0.06% of the overall investment.

Recently, transactions involving the company’s stock have taken place with other hedge funds. These transactions involved the company. The acquisition of First Trust Cloud Computing ETF that took place during the third quarter by Paragon Private Wealth Management LLC resulted in an increase of 4.8% in the firm’s holdings. After making an additional 1,233 share purchases over the quarter, Paragon Private Wealth Management LLC now holds 27,153 shares of the company’s stock, which have a value of $1,747,000. These shares were acquired after the firm reported making additional purchases during the quarter. ETF Store Inc. increased its holdings in First Trust Cloud Computing ETF by a percentage equal to 27.5% over the third quarter. Following the acquisition of 1,056 shares during the period in question, ETF Store Inc. now holds 4,897 shares of the company’s stock, collectively valued at a sum equal to $296,000. During the third quarter, Aptus Capital Advisors LLC increased its holdings in the First Trust Cloud Computing ETF by 1.5% by purchasing additional fund shares. As a result of the purchase of 180 additional shares over the most recent three months, Aptus Capital Advisors LLC now holds 12,411 shares of the company’s stock. The current market value of these shares is $750,000. Kestra Advisory Services LLC increased the proportion of First Trust Cloud Computing ETF holdings that it had by 0.5 percentage points during the third quarter. The value of Kestra Advisory Services LLC’s holdings has increased to $5,058,000 due to an increase in the number of shares it owns in the company, which brings the total number of shares it owns to 83,726. And finally, during the third quarter, Triumph Capital Management increased the proportion of the First Trust Cloud Computing ETF in which it had invested by 13.9%. Triumph Capital Management increased its shareholding in the company during the most recent quarter by purchasing an additional 7,034 shares. This brought the total number of shares held in the company to 57,489, which had a value of $3,473,000.

The company’s stock was traded for a total of 28,704 shares during the regular trading session on Wednesday at midday. This number is significantly lower than the daily average volume of 435,813 shares traded daily. The price of NASDAQ SKYY decreased by $0.56, which brought it to $60.13. The First Trust Cloud Computing ETF hit a low point over the last 52 weeks at $54.50, while it reached a high point over the last 52 weeks at $97.07. The average share price of the company’s stock over the past 200 trading days is $64.29. Over the last 50 days, the price has averaged $59.77.

Have you considered looking into the activities of the various other hedge funds invested in SKYY to see if they pique your interest? By going to HoldingsChannel.com, you can review the most recent 13F filings and insider transactions for First Trust Cloud Computing ETF (NASDAQ: SKYY).

Tags: SKYY, Analyst Rating
Elaine Mendonça

Elaine Mendonça

Over the last nine years, Elaine has managed investment portfolio using fundamental analysis and value investing, emphasizing long-term time horizons.

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