PNC Financial Services Group Inc. Sells 4,482 Shares of First Trust Cloud Computing ETF $SKYY

PNC Financial Services Group Inc. lessened its stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 3.3% during the fourth quarter, Holdings Channel reports. The firm owned 129,497 shares of the company’s stock after selling 4,482 shares during the period. PNC Financial Services Group Inc.’s holdings in First Trust Cloud Computing ETF were worth $16,845,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of First Trust Cloud Computing ETF by 12,567.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,301,211 shares of the company’s stock valued at $429,422,000 after purchasing an additional 3,275,151 shares in the last quarter. UBS Group AG lifted its holdings in shares of First Trust Cloud Computing ETF by 2.1% in the third quarter. UBS Group AG now owns 538,996 shares of the company’s stock valued at $72,452,000 after purchasing an additional 11,236 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of First Trust Cloud Computing ETF by 7.8% in the second quarter. Ameriprise Financial Inc. now owns 164,762 shares of the company’s stock valued at $20,041,000 after purchasing an additional 11,987 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of First Trust Cloud Computing ETF by 61.1% in the third quarter. Envestnet Asset Management Inc. now owns 154,904 shares of the company’s stock valued at $20,822,000 after purchasing an additional 58,740 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of First Trust Cloud Computing ETF by 0.4% in the third quarter. JPMorgan Chase & Co. now owns 134,006 shares of the company’s stock valued at $18,013,000 after purchasing an additional 488 shares in the last quarter.

First Trust Cloud Computing ETF Trading Up 2.5%

Shares of SKYY opened at $133.03 on Friday. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of 33.85 and a beta of 1.19. The stock has a 50 day moving average of $117.54 and a 200 day moving average of $122.13. First Trust Cloud Computing ETF has a 12 month low of $103.76 and a 12 month high of $143.74.

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.