PNC Financial Services Group Inc. Sells 15,724 Shares of First Trust Cloud Computing ETF $SKYY

PNC Financial Services Group Inc. lowered its holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 10.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 133,979 shares of the company’s stock after selling 15,724 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.56% of First Trust Cloud Computing ETF worth $18,010,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Lowe Brockenbrough & Co. Inc. bought a new position in shares of First Trust Cloud Computing ETF during the third quarter valued at approximately $41,000. Advisors Preferred LLC purchased a new position in First Trust Cloud Computing ETF during the 2nd quarter valued at $47,000. Providence Capital Advisors LLC bought a new position in First Trust Cloud Computing ETF in the 3rd quarter worth $67,000. Huntington National Bank lifted its position in shares of First Trust Cloud Computing ETF by 190.9% in the 2nd quarter. Huntington National Bank now owns 800 shares of the company’s stock worth $97,000 after purchasing an additional 525 shares during the period. Finally, Newbridge Financial Services Group Inc. lifted its position in shares of First Trust Cloud Computing ETF by 279.4% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 1,237 shares of the company’s stock worth $150,000 after purchasing an additional 911 shares during the period.

First Trust Cloud Computing ETF Price Performance

Shares of NASDAQ SKYY opened at $112.07 on Wednesday. First Trust Cloud Computing ETF has a 1 year low of $85.38 and a 1 year high of $143.74. The stock has a market capitalization of $2.48 billion, a P/E ratio of 33.85 and a beta of 1.24. The company’s 50-day moving average is $124.84 and its 200 day moving average is $128.95.

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.