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Kingswood Wealth Advisors LLC bought a new position in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,013 shares of the companys stock, valued at approximately $264,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. raised its position in shares of First Trust Cloud Computing ETF by 21.4% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 138,730 shares of the companys stock worth $12,162,000 after acquiring an additional 24,473 shares during the last quarter. Raymond James & Associates raised its position in shares of First Trust Cloud Computing ETF by 5.7% during the fourth quarter. Raymond James & Associates now owns 147,672 shares of the companys stock worth $12,946,000 after acquiring an additional 7,914 shares during the last quarter. Premier Path Wealth Partners LLC acquired a new stake in shares of First Trust Cloud Computing ETF during the fourth quarter worth $244,000. City Holding Co. grew its stake in shares of First Trust Cloud Computing ETF by 4.2% during the fourth quarter. City Holding Co. now owns 15,875 shares of the companys stock worth $1,392,000 after purchasing an additional 635 shares during the period. Finally, Quad Cities Investment Group LLC acquired a new stake in shares of First Trust Cloud Computing ETF during the fourth quarter worth $220,000.

Shares of First Trust Cloud Computing ETF stock opened at $95.60 on Friday. First Trust Cloud Computing ETF has a 12 month low of $60.65 and a 12 month high of $97.78. The business has a fifty day simple moving average of $93.85 and a 200 day simple moving average of $85.01. The stock has a market cap of $3.18 billion, a PE ratio of 20.90 and a beta of 1.06.

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.

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Kingswood Wealth Advisors LLC Invests $264000 in First Trust Cloud Computing ETF (NASDAQ:SKYY) - Defense World