First Trust Cloud Computing ETF $SKYY Stock Sold by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC lowered its holdings in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 88.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 4,316 shares of the company’s stock after selling 32,756 shares during the period. Kingswood Wealth Advisors LLC’s holdings in First Trust Cloud Computing ETF were worth $708,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Baird Financial Group Inc. grew its stake in shares of First Trust Cloud Computing ETF by 4,889.0% in the 2nd quarter. Baird Financial Group Inc. now owns 100,130 shares of the company’s stock worth $13,473,000 after buying an additional 98,123 shares in the last quarter. Navellier & Associates Inc. bought a new position in shares of First Trust Cloud Computing ETF in the second quarter worth about $8,552,000. Kirkwood Financial Services bought a new position in First Trust Cloud Computing ETF in the second quarter worth approximately $11,601,000. Independent Financial Group LLC purchased a new position in shares of First Trust Cloud Computing ETF during the first quarter valued at $5,003,000. Finally, RPg Family Wealth Advisory LLC bought a new position in First Trust Cloud Computing ETF during the 2nd quarter worth about $5,687,000.

First Trust Cloud Computing ETF Stock Performance

NASDAQ:SKYY opened at $167.42 on Friday. The firm has a market cap of $3.53 billion, a P/E ratio of 33.85 and a beta of 1.27. First Trust Cloud Computing ETF has a one year low of $103.76 and a one year high of $175.81. The firm has a 50-day simple moving average of $164.79 and a 200-day simple moving average of $136.39.

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.