PNC Financial Services Group Inc. Trims Stock Holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY)

PNC Financial Services Group Inc. lowered its holdings in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 3.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 171,599 shares of the company’s stock after selling 5,831 shares during the quarter. PNC Financial Services Group Inc. owned 0.56% of First Trust Cloud Computing ETF worth $20,441,000 as of its most recent SEC filing.

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

First Trust Cloud Computing ETF Stock Performance

Shares of NASDAQ SKYY opened at $104.76 on Tuesday. First Trust Cloud Computing ETF has a 52-week low of $83.45 and a 52-week high of $131.54. The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of 32.02 and a beta of 1.06. The stock has a 50 day moving average price of $122.88 and a 200 day moving average price of $114.76.

About First Trust Cloud Computing ETF

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.