Huntington National Bank Grows Stock Position in First Trust Cloud Computing ETF $SKYY

Huntington National Bank increased its stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 190.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 800 shares of the company’s stock after buying an additional 525 shares during the quarter. Huntington National Bank’s holdings in First Trust Cloud Computing ETF were worth $97,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. LPL Financial LLC raised its stake in shares of First Trust Cloud Computing ETF by 9.7% in the first quarter. LPL Financial LLC now owns 912,898 shares of the company’s stock valued at $93,326,000 after acquiring an additional 80,874 shares during the period. Raymond James Financial Inc. grew its holdings in First Trust Cloud Computing ETF by 104.1% during the 1st quarter. Raymond James Financial Inc. now owns 550,382 shares of the company’s stock valued at $56,266,000 after purchasing an additional 280,749 shares during the last quarter. Private Advisor Group LLC grew its holdings in First Trust Cloud Computing ETF by 0.8% during the 1st quarter. Private Advisor Group LLC now owns 162,938 shares of the company’s stock valued at $16,657,000 after purchasing an additional 1,350 shares during the last quarter. Envestnet Asset Management Inc. raised its position in First Trust Cloud Computing ETF by 7.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 96,164 shares of the company’s stock worth $11,697,000 after purchasing an additional 6,725 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in First Trust Cloud Computing ETF by 77.8% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 58,051 shares of the company’s stock worth $5,935,000 after purchasing an additional 25,397 shares during the last quarter.

First Trust Cloud Computing ETF Price Performance

Shares of NASDAQ:SKYY opened at $137.04 on Friday. The firm has a market capitalization of $3.28 billion, a PE ratio of 33.85 and a beta of 1.24. The business has a 50 day simple moving average of $135.28 and a two-hundred day simple moving average of $123.77. First Trust Cloud Computing ETF has a 1 year low of $85.38 and a 1 year high of $143.74.

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.