Huntington National Bank Raises Stock Position in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Huntington National Bank raised its holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 594.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 375 shares of the company’s stock after purchasing an additional 321 shares during the quarter. Huntington National Bank’s holdings in First Trust Cloud Computing ETF were worth $45,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new position in shares of First Trust Cloud Computing ETF in the 4th quarter valued at about $32,119,000. SPC Financial Inc. acquired a new position in First Trust Cloud Computing ETF in the fourth quarter valued at approximately $4,920,000. Private Advisor Group LLC boosted its position in First Trust Cloud Computing ETF by 34.2% in the 4th quarter. Private Advisor Group LLC now owns 161,588 shares of the company’s stock worth $19,248,000 after purchasing an additional 41,222 shares in the last quarter. SP Asset Management LLC acquired a new stake in shares of First Trust Cloud Computing ETF during the 4th quarter worth approximately $2,651,000. Finally, Retirement Capital Strategies grew its stake in shares of First Trust Cloud Computing ETF by 225.5% during the 4th quarter. Retirement Capital Strategies now owns 30,741 shares of the company’s stock worth $3,662,000 after purchasing an additional 21,298 shares during the period.

First Trust Cloud Computing ETF Price Performance

SKYY opened at $91.14 on Tuesday. The firm has a fifty day moving average price of $116.07 and a 200 day moving average price of $115.85. First Trust Cloud Computing ETF has a 1 year low of $83.45 and a 1 year high of $131.54. The stock has a market cap of $2.75 billion, a P/E ratio of 27.61 and a beta of 1.23.

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.