Lodestar Private Asset Management LLC Takes $211,000 Position in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Lodestar Private Asset Management LLC acquired a new stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 2,059 shares of the company’s stock, valued at approximately $211,000.

Other large investors also recently modified their holdings of the company. EdgeRock Capital LLC bought a new position in shares of First Trust Cloud Computing ETF in the second quarter valued at about $33,000. VitalStone Financial LLC grew its stake in shares of First Trust Cloud Computing ETF by 44.4% in the first quarter. VitalStone Financial LLC now owns 465 shares of the company’s stock valued at $44,000 after acquiring an additional 143 shares in the last quarter. Blue Trust Inc. acquired a new position in shares of First Trust Cloud Computing ETF in the second quarter valued at about $48,000. Values First Advisors Inc. acquired a new position in shares of First Trust Cloud Computing ETF in the third quarter valued at about $49,000. Finally, Banque Cantonale Vaudoise acquired a new position in shares of First Trust Cloud Computing ETF in the second quarter valued at about $54,000.

First Trust Cloud Computing ETF Stock Performance

SKYY stock opened at $107.05 on Thursday. The company’s 50-day simple moving average is $101.12 and its 200 day simple moving average is $96.07. First Trust Cloud Computing ETF has a 52 week low of $71.87 and a 52 week high of $108.14. The company has a market capitalization of $3.14 billion, a PE ratio of 33.21 and a beta of 1.06.

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.