Kestra Advisory Services LLC Reduces Stock Position in First Trust Cloud Computing ETF $SKYY

Kestra Advisory Services LLC cut its stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 21.6% in the first quarter, HoldingsChannel.com reports. The fund owned 56,438 shares of the company’s stock after selling 15,511 shares during the period. Kestra Advisory Services LLC’s holdings in First Trust Cloud Computing ETF were worth $6,172,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Parallel Advisors LLC grew its position in First Trust Cloud Computing ETF by 97.0% in the 3rd quarter. Parallel Advisors LLC now owns 197 shares of the company’s stock worth $26,000 after purchasing an additional 97 shares during the period. N.E.W. Advisory Services LLC bought a new position in shares of First Trust Cloud Computing ETF during the 4th quarter valued at $30,000. Franklin Resources Inc. bought a new position in shares of First Trust Cloud Computing ETF during the 4th quarter valued at $33,000. Capital Advisors Ltd. LLC purchased a new position in shares of First Trust Cloud Computing ETF in the 1st quarter worth $35,000. Finally, Russell Investments Group Ltd. boosted its stake in shares of First Trust Cloud Computing ETF by 177.9% in the 4th quarter. Russell Investments Group Ltd. now owns 289 shares of the company’s stock worth $38,000 after buying an additional 185 shares during the last quarter.

First Trust Cloud Computing ETF Price Performance

Shares of SKYY opened at $139.31 on Wednesday. First Trust Cloud Computing ETF has a one year low of $103.76 and a one year high of $155.76. The firm has a market capitalization of $2.86 billion, a P/E ratio of 33.85 and a beta of 1.24. The business has a fifty day moving average of $134.78 and a 200 day moving average of $123.35.

First Trust Cloud Computing ETF Company 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.