Arkadios Wealth Advisors Has $515,000 Stock Position in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Arkadios Wealth Advisors lowered its holdings in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 56.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 5,036 shares of the company’s stock after selling 6,419 shares during the period. Arkadios Wealth Advisors’ holdings in First Trust Cloud Computing ETF were worth $515,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of SKYY. Wealth Enhancement Advisory Services LLC lifted its holdings in First Trust Cloud Computing ETF by 3.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 61,565 shares of the company’s stock worth $5,886,000 after buying an additional 2,126 shares during the period. SeaCrest Wealth Management LLC boosted its holdings in First Trust Cloud Computing ETF by 36.4% in the first quarter. SeaCrest Wealth Management LLC now owns 8,869 shares of the company’s stock valued at $848,000 after acquiring an additional 2,369 shares during the last quarter. North Star Investment Management Corp. acquired a new stake in First Trust Cloud Computing ETF during the 1st quarter valued at approximately $59,000. Private Advisor Group LLC raised its holdings in First Trust Cloud Computing ETF by 18.1% during the 1st quarter. Private Advisor Group LLC now owns 130,739 shares of the company’s stock worth $12,499,000 after purchasing an additional 20,028 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in shares of First Trust Cloud Computing ETF by 9.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 56,652 shares of the company’s stock worth $5,416,000 after purchasing an additional 4,873 shares during the period.

First Trust Cloud Computing ETF Stock Performance

NASDAQ:SKYY opened at $107.03 on Wednesday. First Trust Cloud Computing ETF has a 52 week low of $71.26 and a 52 week high of $107.74. The firm’s fifty day moving average is $100.94 and its 200-day moving average is $95.99. The firm has a market cap of $3.14 billion, a P/E ratio of 33.21 and a beta of 1.06.

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.