Arkadios Wealth Advisors Sells 6,419 Shares of First Trust Cloud Computing ETF (NASDAQ:SKYY)

Arkadios Wealth Advisors cut its holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 56.0% in the 3rd quarter, HoldingsChannel.com reports. The firm 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 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SKYY. EP Wealth Advisors LLC boosted its holdings in First Trust Cloud Computing ETF by 5.1% during the 1st quarter. EP Wealth Advisors LLC now owns 2,452 shares of the company’s stock valued at $234,000 after acquiring an additional 118 shares during the period. Emerald Advisors LLC grew its holdings in shares of First Trust Cloud Computing ETF by 1.6% in the second quarter. Emerald Advisors LLC now owns 7,986 shares of the company’s stock worth $763,000 after purchasing an additional 122 shares during the last quarter. HBK Sorce Advisory LLC increased its stake in shares of First Trust Cloud Computing ETF by 3.4% in the first quarter. HBK Sorce Advisory LLC now owns 4,357 shares of the company’s stock worth $417,000 after buying an additional 142 shares during the period. VitalStone Financial LLC raised its holdings in First Trust Cloud Computing ETF by 44.4% during the 1st quarter. VitalStone Financial LLC now owns 465 shares of the company’s stock valued at $44,000 after buying an additional 143 shares during the last quarter. Finally, CWM LLC boosted its position in First Trust Cloud Computing ETF by 1.1% during the 3rd quarter. CWM LLC now owns 13,422 shares of the company’s stock valued at $1,373,000 after buying an additional 145 shares during the period.

First Trust Cloud Computing ETF Trading Up 1.3 %

SKYY stock opened at $107.03 on Wednesday. The stock has a market capitalization of $3.14 billion, a price-to-earnings ratio of 33.21 and a beta of 1.06. The firm’s 50-day moving average price is $100.94 and its two-hundred day moving average price is $95.99. First Trust Cloud Computing ETF has a 12-month low of $71.26 and a 12-month high of $107.74.

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.