Kingswood Wealth Advisors LLC cut its stake in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY – Free Report) by 88.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,316 shares of the company’s stock after selling 32,756 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in First Trust Cloud Computing ETF were worth $708,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently modified their holdings of the company. GK Wealth Management LLC purchased a new position in shares of First Trust Cloud Computing ETF in the 3rd quarter valued at approximately $29,000. Continuum Advisory LLC bought a new stake in shares of First Trust Cloud Computing ETF in the 2nd quarter worth approximately $40,000. TD Waterhouse Canada Inc. boosted its position in shares of First Trust Cloud Computing ETF by 35.2% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 307 shares of the company’s stock worth $41,000 after purchasing an additional 80 shares in the last quarter. Howe & Rusling Inc. purchased a new stake in shares of First Trust Cloud Computing ETF in the 1st quarter worth approximately $42,000. Finally, Beacon Investment Advisory Services Inc. purchased a new stake in shares of First Trust Cloud Computing ETF in the 2nd quarter worth approximately $52,000.
First Trust Cloud Computing ETF Stock Down 2.8%
SKYY stock opened at $167.42 on Friday. The business has a 50 day moving average of $164.79 and a 200 day moving average of $136.39. The firm has a market cap of $3.53 billion, a PE ratio of 33.85 and a beta of 1.27. First Trust Cloud Computing ETF has a twelve month low of $103.76 and a twelve month high of $175.81.
About First Trust Cloud Computing ETF
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.
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