Pinnacle Associates Ltd. sells 2,242 First Trust Cloud Computing ETF shares (NASDAQ:SKYY)

Pinnacle Associates Ltd. disclosed in its most recent Form 13F filing with the Securities and Exchange Commission that during the third quarter, the company’s holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY) were reduced by 17.1%. This information has been provided regarding the company’s holdings in the First Trust Cloud Computing ETF (SEC). Following the transaction throughout the period, the institutional investor was left in possession of 10,850 shares of the company following the sale of 2,242 of these shares. At the end of the most recent reporting period, Pinnacle Associates Ltd. was the proud owner of shares of the First Trust Cloud Computing ETF worth $655,000.

Hedge funds and institutional investors made additional purchases and sales of stocks. International Assets Investment Management LLC increased its stake in the First Trust Cloud Computing ETF by a percentage equal to 4.0% during the second quarter of 2018. International Assets Investment Management LLC now owns 3,593 shares of the company, which have a combined value of $237,000. after acquiring 139 additional shares in the last fiscal quarter. Each share of the company has a value of $0.01. In the first three months of 2018, Vontobel Holding NV increased the share of its assets allocated to the First Trust Cloud Computing ETF by 2.0%. After purchasing an additional 165 shares during the last fiscal quarter, Vontobel Holding NV now holds 8,365 shares. Based on the current market price, this gives the business a value of $757,000. CoreCap Advisors LLC increased the proportion of First Trust Cloud Computing ETF shares it held by 1.3% during the second quarter. CoreCap Advisors LLC now directly owns 14,338 shares of the company, which are worth $945,000 after purchasing an additional 180 shares of the company during the quarter. During the second quarter, the amount of money invested in the First Trust Cloud Computing ETF at EP Wealth Advisors LLC increased by 8.7%. EP Wealth Advisors LLC now owns a total of 3,262 shares in the company, valued at $215,000; this is the result of the purchase of 262 additional shares of the company during the last fiscal quarter. Last, but certainly not least, during the third quarter, Retirement Planning Co. of New England Inc. increased its holdings in First Trust Cloud Computing ETF by a factor of 5.0%. That’s not to say it’s the least important thing during this time. Retirement Planning Company of New England Inc. now owns 5,592 shares, valued at $337,000, after purchasing an additional 268 shares during the period in question.

Trading in the First Trust Cloud Computing ETF began on Tuesday with an opening price of $60.20 per share. The price of the First Trust Cloud Computing ETF has ranged from $54.50 to $97.07 year-on-year, with a low of $54.50 occurring the most recent year. The past 200-day moving average of the company’s stock price is $64.33, while the past 50-day moving average is $59.71.