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

PNC Financial Services Group Inc. lifted its position in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 86.2% during the third quarter, Holdings Channel.com reports. The firm owned 177,430 shares of the company’s stock after buying an additional 82,121 shares during the quarter. PNC Financial Services Group Inc.’s holdings in First Trust Cloud Computing ETF were worth $18,144,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. EP Wealth Advisors LLC boosted its position in First Trust Cloud Computing ETF by 5.1% in the first quarter. EP Wealth Advisors LLC now owns 2,452 shares of the company’s stock valued at $234,000 after buying an additional 118 shares in the last quarter. Emerald Advisors LLC increased its holdings in First Trust Cloud Computing ETF by 1.6% in the second quarter. Emerald Advisors LLC now owns 7,986 shares of the company’s stock worth $763,000 after purchasing an additional 122 shares in the last quarter. CWM LLC lifted its position in shares of First Trust Cloud Computing ETF by 1.1% during the 3rd quarter. CWM LLC now owns 13,422 shares of the company’s stock valued at $1,373,000 after acquiring an additional 145 shares during the period. Benjamin F. Edwards & Company Inc. boosted its position in shares of First Trust Cloud Computing ETF by 0.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 53,563 shares of the company’s stock worth $5,117,000 after purchasing an additional 159 shares in the last quarter. Finally, 1832 Asset Management L.P. boosted its holdings in First Trust Cloud Computing ETF by 20.1% in the second quarter. 1832 Asset Management L.P. now owns 1,122 shares of the company’s stock worth $107,000 after acquiring an additional 188 shares in the last quarter.

First Trust Cloud Computing ETF Trading Up 2.8 %

NASDAQ SKYY opened at $120.94 on Friday. The company has a fifty day simple moving average of $106.67 and a 200 day simple moving average of $98.52. The company has a market cap of $3.54 billion, a P/E ratio of 33.21 and a beta of 1.06. First Trust Cloud Computing ETF has a 12-month low of $79.76 and a 12-month high of $121.67.

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.