Arkadios Wealth Advisors Has $578,000 Stock Holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Arkadios Wealth Advisors decreased its stake in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 3.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,848 shares of the company’s stock after selling 188 shares during the quarter. Arkadios Wealth Advisors’ holdings in First Trust Cloud Computing ETF were worth $578,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Morse Asset Management Inc acquired a new position in First Trust Cloud Computing ETF during the third quarter worth $40,000. Values First Advisors Inc. acquired a new position in shares of First Trust Cloud Computing ETF during the 3rd quarter worth about $49,000. Anchor Investment Management LLC lifted its stake in First Trust Cloud Computing ETF by 53.4% in the 2nd quarter. Anchor Investment Management LLC now owns 675 shares of the company’s stock valued at $64,000 after purchasing an additional 235 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in First Trust Cloud Computing ETF in the 3rd quarter valued at about $65,000. Finally, GAMMA Investing LLC grew its holdings in First Trust Cloud Computing ETF by 37.2% during the third quarter. GAMMA Investing LLC now owns 738 shares of the company’s stock worth $75,000 after purchasing an additional 200 shares during the period.

First Trust Cloud Computing ETF Stock Up 2.0 %

NASDAQ:SKYY opened at $124.66 on Wednesday. First Trust Cloud Computing ETF has a 12-month low of $83.45 and a 12-month high of $131.13. The firm has a market capitalization of $3.75 billion, a price-to-earnings ratio of 33.21 and a beta of 1.06. The stock’s 50 day moving average price is $122.07 and its two-hundred day moving average price is $107.42.

First Trust Cloud Computing ETF 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.