PNC Financial Services Group Inc. Sells 41,907 Shares of First Trust Cloud Computing ETF $SKYY

PNC Financial Services Group Inc. trimmed its holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 32.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 87,590 shares of the company’s stock after selling 41,907 shares during the period. PNC Financial Services Group Inc. owned about 0.43% of First Trust Cloud Computing ETF worth $9,579,000 as of its most recent filing with the Securities and Exchange Commission.

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

First Trust Cloud Computing ETF Stock Performance

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 firm’s 50 day moving average price is $135.83 and its two-hundred day moving average price is $123.61. The firm has a market cap of $2.70 billion, a P/E ratio of 33.85 and a beta of 1.24.

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.