PNC Financial Services Group Inc. Has $9.58 Million Stake in First Trust Cloud Computing ETF $SKYY

PNC Financial Services Group Inc. trimmed its position in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 32.4% during the first quarter, HoldingsChannel.com reports. The firm owned 87,590 shares of the company’s stock after selling 41,907 shares during the quarter. PNC Financial Services Group Inc.’s holdings in First Trust Cloud Computing ETF were worth $9,579,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Independent Financial Group LLC acquired a new stake in First Trust Cloud Computing ETF in the 1st quarter valued at approximately $5,003,000. San Luis Wealth Advisors LLC bought a new stake in First Trust Cloud Computing ETF in the 4th quarter valued at approximately $801,000. Osbon Capital Management LLC acquired a new position in First Trust Cloud Computing ETF during the 4th quarter worth approximately $1,093,000. Evelyn Partners Investment Management Europe Ltd acquired a new position in First Trust Cloud Computing ETF during the 4th quarter worth approximately $5,508,000. Finally, Evelyn Partners Investment Management LLP acquired a new position in First Trust Cloud Computing ETF during the 4th quarter worth approximately $502,000.

First Trust Cloud Computing ETF Stock Up 1.7%

Shares of SKYY opened at $131.96 on Friday. First Trust Cloud Computing ETF has a twelve month low of $103.76 and a twelve month high of $155.76. The stock has a market capitalization of $2.70 billion, a P/E ratio of 33.85 and a beta of 1.24. The company has a 50 day moving average of $135.83 and a 200-day moving average of $123.61.

First Trust Cloud Computing ETF Company 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.