PNC Financial Services Group Inc. Sells 4,482 Shares of First Trust Cloud Computing ETF $SKYY

PNC Financial Services Group Inc. decreased its holdings in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 3.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,497 shares of the company’s stock after selling 4,482 shares during the period. PNC Financial Services Group Inc. owned 0.58% of First Trust Cloud Computing ETF worth $16,845,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. boosted its position in shares of First Trust Cloud Computing ETF by 61.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 154,904 shares of the company’s stock valued at $20,822,000 after purchasing an additional 58,740 shares in the last quarter. SPC Financial Inc. boosted its position in shares of First Trust Cloud Computing ETF by 10.7% during the 3rd quarter. SPC Financial Inc. now owns 51,711 shares of the company’s stock valued at $6,951,000 after purchasing an additional 4,978 shares in the last quarter. San Luis Wealth Advisors LLC bought a new stake in shares of First Trust Cloud Computing ETF during the 4th quarter valued at about $801,000. Florin Court Capital LLP boosted its position in shares of First Trust Cloud Computing ETF by 96.0% during the 3rd quarter. Florin Court Capital LLP now owns 19,600 shares of the company’s stock valued at $2,635,000 after purchasing an additional 9,600 shares in the last quarter. Finally, AlphaCore Capital LLC bought a new stake in shares of First Trust Cloud Computing ETF during the 4th quarter valued at about $6,823,000.

First Trust Cloud Computing ETF Price Performance

Shares of First Trust Cloud Computing ETF stock opened at $133.03 on Friday. First Trust Cloud Computing ETF has a one year low of $103.76 and a one year high of $143.74. The stock’s 50-day moving average is $117.54 and its 200 day moving average is $122.13. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of 33.85 and a beta of 1.19.

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.