PNC Financial Services Group Inc. Sells 5,831 Shares of First Trust Cloud Computing ETF (NASDAQ:SKYY)

PNC Financial Services Group Inc. lessened its position in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 3.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 171,599 shares of the company’s stock after selling 5,831 shares during the quarter. PNC Financial Services Group Inc.’s holdings in First Trust Cloud Computing ETF were worth $20,441,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in First Trust Cloud Computing ETF by 77.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 284 shares of the company’s stock worth $34,000 after purchasing an additional 124 shares during the last quarter. Morse Asset Management Inc purchased a new stake in shares of First Trust Cloud Computing ETF during the 3rd quarter valued at $40,000. SRS Capital Advisors Inc. boosted its position in shares of First Trust Cloud Computing ETF by 1,343.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 433 shares of the company’s stock worth $52,000 after purchasing an additional 403 shares in the last quarter. Hemington Wealth Management grew its stake in First Trust Cloud Computing ETF by 29.6% during the 4th quarter. Hemington Wealth Management now owns 469 shares of the company’s stock worth $55,000 after buying an additional 107 shares during the last quarter. Finally, Kestra Investment Management LLC purchased a new position in First Trust Cloud Computing ETF during the 4th quarter worth $58,000.

First Trust Cloud Computing ETF Stock Performance

First Trust Cloud Computing ETF stock opened at $104.76 on Tuesday. The stock has a market cap of $3.22 billion, a PE ratio of 32.02 and a beta of 1.06. The stock has a 50-day moving average of $122.88 and a two-hundred day moving average of $114.76. First Trust Cloud Computing ETF has a one year low of $83.45 and a one year high of $131.54.

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.