Kirkwood Financial Services Takes $11.60 Million Position in First Trust Cloud Computing ETF $SKYY

Kirkwood Financial Services purchased a new stake in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 86,165 shares of the company’s stock, valued at approximately $11,601,000. First Trust Cloud Computing ETF makes up about 3.3% of Kirkwood Financial Services’ portfolio, making the stock its 11th largest holding. Kirkwood Financial Services owned approximately 0.43% of First Trust Cloud Computing ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Parallel Advisors LLC boosted its stake in First Trust Cloud Computing ETF by 97.0% during the 3rd quarter. Parallel Advisors LLC now owns 197 shares of the company’s stock valued at $26,000 after purchasing an additional 97 shares during the last quarter. Franklin Resources Inc. bought a new stake in shares of First Trust Cloud Computing ETF in the 4th quarter worth $33,000. Russell Investments Group Ltd. raised its stake in shares of First Trust Cloud Computing ETF by 177.9% in the fourth quarter. Russell Investments Group Ltd. now owns 289 shares of the company’s stock worth $38,000 after purchasing an additional 185 shares during the last quarter. Continuum Advisory LLC purchased a new position in shares of First Trust Cloud Computing ETF in the second quarter worth $40,000. Finally, TD Waterhouse Canada Inc. lifted its holdings in shares of First Trust Cloud Computing ETF by 35.2% during the second quarter. TD Waterhouse Canada Inc. now owns 307 shares of the company’s stock valued at $41,000 after purchasing an additional 80 shares in the last quarter.

First Trust Cloud Computing ETF Price Performance

First Trust Cloud Computing ETF stock opened at $161.56 on Monday. First Trust Cloud Computing ETF has a one year low of $103.76 and a one year high of $169.05. The stock has a market capitalization of $3.23 billion, a PE ratio of 33.85 and a beta of 1.26. The business’s fifty day moving average is $148.56 and its 200 day moving average is $131.08.

First Trust Cloud Computing ETF 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.