Kestra Advisory Services LLC Trims Stake in First Trust Cloud Computing ETF $SKYY

Kestra Advisory Services LLC lowered its position in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 21.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 56,438 shares of the company’s stock after selling 15,511 shares during the period. Kestra Advisory Services LLC owned 0.27% of First Trust Cloud Computing ETF worth $6,172,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Parallel Advisors LLC grew its stake in First Trust Cloud Computing ETF by 97.0% in the third 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 purchased a new position in First Trust Cloud Computing ETF during the fourth quarter valued at $30,000. Franklin Resources Inc. purchased a new position in First Trust Cloud Computing ETF during the fourth quarter valued at $33,000. Russell Investments Group Ltd. boosted its holdings in shares of First Trust Cloud Computing ETF by 177.9% during the 4th quarter. Russell Investments Group Ltd. now owns 289 shares of the company’s stock valued at $38,000 after buying an additional 185 shares in the last quarter. Finally, Capital Advisors Ltd. LLC bought a new stake in shares of First Trust Cloud Computing ETF during the 1st quarter valued at $35,000.

First Trust Cloud Computing ETF Price Performance

NASDAQ:SKYY opened at $139.31 on Wednesday. The firm’s 50-day moving average price is $134.78 and its 200-day moving average price is $123.35. The company has a market capitalization of $2.86 billion, a PE ratio of 33.85 and a beta of 1.24. First Trust Cloud Computing ETF has a 1-year low of $103.76 and a 1-year high of $155.76.

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.