Baird Financial Group Inc. Reduces Position in First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR)

Baird Financial Group Inc. decreased its position in shares of First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) by 10.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 86,700 shares of the company’s stock after selling 10,317 shares during the period. Baird Financial Group Inc. owned 0.07% of First Trust Nasdaq Cybersecurity ETF worth $5,501,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Concentrum Wealth Management boosted its stake in First Trust Nasdaq Cybersecurity ETF by 1.2% during the 4th quarter. Concentrum Wealth Management now owns 76,408 shares of the company’s stock worth $4,848,000 after purchasing an additional 914 shares during the period. Barclays PLC boosted its stake in shares of First Trust Nasdaq Cybersecurity ETF by 6.6% during the third quarter. Barclays PLC now owns 10,211 shares of the company’s stock worth $605,000 after buying an additional 631 shares during the period. Park Avenue Securities LLC purchased a new position in shares of First Trust Nasdaq Cybersecurity ETF during the fourth quarter worth about $233,000. Plan Group Financial LLC increased its position in First Trust Nasdaq Cybersecurity ETF by 4.8% in the 4th quarter. Plan Group Financial LLC now owns 5,929 shares of the company’s stock valued at $376,000 after acquiring an additional 271 shares during the period. Finally, US Bancorp DE raised its stake in First Trust Nasdaq Cybersecurity ETF by 41.5% during the 4th quarter. US Bancorp DE now owns 5,872 shares of the company’s stock valued at $373,000 after acquiring an additional 1,722 shares during the last quarter.

First Trust Nasdaq Cybersecurity ETF Trading Down 0.9 %

Shares of CIBR stock opened at $67.91 on Friday. The company has a market capitalization of $8.41 billion, a P/E ratio of 27.88 and a beta of 1.00. The business’s 50 day moving average is $64.08 and its two-hundred day moving average is $64.72. First Trust Nasdaq Cybersecurity ETF has a twelve month low of $50.52 and a twelve month high of $71.92.

First Trust Nasdaq Cybersecurity ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were given a $0.0043 dividend. The ex-dividend date was Thursday, March 27th. This represents a $0.02 dividend on an annualized basis and a yield of 0.03%.

About First Trust Nasdaq Cybersecurity ETF

The First Trust NASDAQ Cybersecurity ETF (CIBR) is an exchange-traded fund that is based on the Nasdaq CTA Cybersecurity index. The fund tracks a liquidity-weighted index that targets companies engaged in the cybersecurity industry. CIBR was launched on Jul 7, 2015 and is managed by First Trust.