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Wechter Feldman Wealth Management Inc. trimmed its holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 58.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 70,082 shares of the company’s stock after selling 99,407 shares during the period. First Trust Cloud Computing ETF accounts for about 3.3% of Wechter Feldman Wealth Management Inc.’s investment portfolio, making the stock its 10th largest position. Wechter Feldman Wealth Management Inc. owned about 0.20% of First Trust Cloud Computing ETF worth $3,397,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in First Trust Cloud Computing ETF by 345.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 126,492 shares of the company’s stock valued at $7,175,000 after purchasing an additional 98,110 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in First Trust Cloud Computing ETF by 17.9% in the 3rd quarter. Wells Fargo & Company MN now owns 562,221 shares of the company’s stock valued at $31,889,000 after purchasing an additional 85,543 shares in the last quarter. Morgan Stanley lifted its holdings in First Trust Cloud Computing ETF by 5.8% in the 3rd quarter. Morgan Stanley now owns 960,327 shares of the company’s stock valued at $54,469,000 after purchasing an additional 52,434 shares in the last quarter. Sawtooth Solutions LLC lifted its holdings in First Trust Cloud Computing ETF by 104.3% in the 3rd quarter. Sawtooth Solutions LLC now owns 68,098 shares of the company’s stock valued at $3,863,000 after purchasing an additional 34,772 shares in the last quarter. Finally, LPL Financial LLC lifted its holdings in First Trust Cloud Computing ETF by 11.5% in the 3rd quarter. LPL Financial LLC now owns 322,412 shares of the company’s stock valued at $18,287,000 after purchasing an additional 33,277 shares in the last quarter.

Shares of SKYY stock traded down $0.04 during trading hours on Friday, hitting $54.11. 1 shares of the company were exchanged, compared to its average volume of 292,964. First Trust Cloud Computing ETF has a 1 year low of $44.10 and a 1 year high of $57.07.

COPYRIGHT VIOLATION NOTICE: “First Trust Cloud Computing ETF (SKYY) is Wechter Feldman Wealth Management Inc.’s 10th Largest Position” was originally published by Fairfield Current and is owned by of Fairfield Current. If you are viewing this report on another website, it was stolen and republished in violation of US and international copyright laws. The legal version of this report can be viewed at https://www.fairfieldcurrent.com/news/2019/02/08/first-trust-cloud-computing-etf-skyy-is-wechter-feldman-wealth-management-inc-s-10th-largest-position.html.

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Institutional Ownership by Quarter for First Trust Cloud Computing ETF (NASDAQ:SKYY)

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