NORTHSTAR ASSET MANAGEMENT Co LLC Trims Position in First Trust Cloud Computing ETF (NASDAQ:SKYY)

NORTHSTAR ASSET MANAGEMENT Co LLC cut its holdings in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 0.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 51,600 shares of the company’s stock after selling 195 shares during the quarter. First Trust Cloud Computing ETF accounts for about 1.2% of NORTHSTAR ASSET MANAGEMENT Co LLC’s portfolio, making the stock its 18th largest holding. NORTHSTAR ASSET MANAGEMENT Co LLC owned about 0.17% of First Trust Cloud Computing ETF worth $4,929,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Wells Fargo & Company MN raised its position in First Trust Cloud Computing ETF by 1.6% during the 4th quarter. Wells Fargo & Company MN now owns 297,788 shares of the company’s stock worth $26,107,000 after buying an additional 4,739 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of First Trust Cloud Computing ETF by 2.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 132,969 shares of the company’s stock valued at $11,657,000 after purchasing an additional 2,566 shares in the last quarter. Private Advisor Group LLC increased its holdings in shares of First Trust Cloud Computing ETF by 18.1% during the 1st quarter. Private Advisor Group LLC now owns 130,739 shares of the company’s stock valued at $12,499,000 after purchasing an additional 20,028 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of First Trust Cloud Computing ETF by 3.6% during the 1st quarter. Commonwealth Equity Services LLC now owns 114,115 shares of the company’s stock valued at $10,909,000 after purchasing an additional 3,959 shares in the last quarter. Finally, Florin Court Capital LLP increased its holdings in shares of First Trust Cloud Computing ETF by 8.7% during the 4th quarter. Florin Court Capital LLP now owns 76,100 shares of the company’s stock valued at $6,672,000 after purchasing an additional 6,100 shares in the last quarter.

First Trust Cloud Computing ETF Stock Up 0.5 %

Shares of NASDAQ:SKYY traded up $0.45 during trading on Friday, hitting $96.71. 61,919 shares of the stock traded hands, compared to its average volume of 156,027. The company has a market cap of $2.97 billion, a price-to-earnings ratio of 33.21 and a beta of 1.06. The company has a fifty day moving average price of $93.60 and a two-hundred day moving average price of $93.65. First Trust Cloud Computing ETF has a 52-week low of $70.42 and a 52-week high of $97.78.

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.