Kirkwood Financial Services bought a new position in First Trust Cloud Computing ETF (NASDAQ:SKYY – Free Report) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 86,165 shares of the company’s stock, valued at approximately $11,601,000. First Trust Cloud Computing ETF accounts for about 3.3% of Kirkwood Financial Services’ holdings, making the stock its 11th largest position.
A number of other large investors have also added to or reduced their stakes in SKYY. Marshall Wace LLP bought a new position in shares of First Trust Cloud Computing ETF during the 2nd quarter valued at $3,175,000. Brown Advisory Inc. bought a new stake in shares of First Trust Cloud Computing ETF in the second quarter worth $337,000. NewEdge Advisors LLC grew its holdings in shares of First Trust Cloud Computing ETF by 17.9% in the second quarter. NewEdge Advisors LLC now owns 30,644 shares of the company’s stock worth $3,727,000 after acquiring an additional 4,652 shares during the period. Quantinno Capital Management LP purchased a new stake in First Trust Cloud Computing ETF during the second quarter valued at $597,000. Finally, Ameriprise Financial Inc. increased its position in First Trust Cloud Computing ETF by 7.8% during the second quarter. Ameriprise Financial Inc. now owns 164,762 shares of the company’s stock valued at $20,041,000 after acquiring an additional 11,987 shares during the last quarter.
First Trust Cloud Computing ETF Stock Performance
Shares of NASDAQ:SKYY opened at $161.56 on Monday. The stock has a market capitalization of $3.23 billion, a price-to-earnings ratio of 33.85 and a beta of 1.26. The stock’s 50-day simple moving average is $148.56 and its two-hundred day simple moving average is $131.08. First Trust Cloud Computing ETF has a 52-week low of $103.76 and a 52-week high of $169.05.
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.
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