Banco Santander S.A. Decreases Stock Position in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Banco Santander S.A. lessened its stake in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 6.5% in the 3rd quarter, Holdings Channel reports. The firm owned 2,590 shares of the company’s stock after selling 180 shares during the period. Banco Santander S.A.’s holdings in First Trust Cloud Computing ETF were worth $265,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in SKYY. PNC Financial Services Group Inc. boosted its stake in First Trust Cloud Computing ETF by 86.2% during the third quarter. PNC Financial Services Group Inc. now owns 177,430 shares of the company’s stock valued at $18,144,000 after buying an additional 82,121 shares during the last quarter. Valley Wealth Managers Inc. boosted its position in shares of First Trust Cloud Computing ETF by 1.7% during the 3rd quarter. Valley Wealth Managers Inc. now owns 39,650 shares of the company’s stock valued at $4,055,000 after acquiring an additional 654 shares during the last quarter. Florin Court Capital LLP grew its holdings in shares of First Trust Cloud Computing ETF by 37.2% in the third quarter. Florin Court Capital LLP now owns 34,300 shares of the company’s stock valued at $3,508,000 after purchasing an additional 9,300 shares in the last quarter. Prime Capital Investment Advisors LLC increased its position in First Trust Cloud Computing ETF by 16.9% in the third quarter. Prime Capital Investment Advisors LLC now owns 2,824 shares of the company’s stock worth $289,000 after purchasing an additional 409 shares during the last quarter. Finally, Proactive Wealth Strategies LLC bought a new stake in First Trust Cloud Computing ETF in the third quarter worth $1,709,000.

First Trust Cloud Computing ETF Stock Up 1.7 %

SKYY stock opened at $122.95 on Friday. First Trust Cloud Computing ETF has a 52 week low of $79.76 and a 52 week high of $123.15. The firm has a market capitalization of $3.60 billion, a P/E ratio of 33.21 and a beta of 1.06. The company has a fifty day simple moving average of $107.62 and a two-hundred day simple moving average of $98.88.

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.