First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) Sets New 12-Month High – Still a Buy?

First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR)’s stock price hit a new 52-week high during mid-day trading on Tuesday. The company traded as high as $110.68 and last traded at $107.80, with a volume of 1,680,828 shares trading hands. The stock had previously closed at $110.00.

First Trust Nasdaq Cybersecurity ETF Stock Down 3.5%

The company has a fifty day simple moving average of $99.88 and a 200 day simple moving average of $87.44. The firm has a market capitalization of $17.96 billion, a P/E ratio of 30.11 and a beta of 0.93.

First Trust Nasdaq Cybersecurity ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were issued a dividend of $0.0029 per share. The ex-dividend date was Thursday, September 24th. This is a drop from First Trust Nasdaq Cybersecurity ETF’s previous quarterly dividend of $0.0721. This represents a $0.01 annualized dividend and a dividend yield of 0.0%.

Hedge Funds Weigh In On First Trust Nasdaq Cybersecurity ETF

Several large investors have recently modified their holdings of the stock. Sloy Dahl & Holst LLC bought a new stake in First Trust Nasdaq Cybersecurity ETF in the 3rd quarter worth about $207,000. Columbus Macro LLC raised its position in First Trust Nasdaq Cybersecurity ETF by 64.3% in the 3rd quarter. Columbus Macro LLC now owns 14,166 shares of the company’s stock worth $1,460,000 after buying an additional 5,545 shares during the last quarter. Sanders Morris Harris LLC purchased a new position in First Trust Nasdaq Cybersecurity ETF in the 3rd quarter worth about $355,000. Fearless Solutions LLC dba Best Invest raised its position in First Trust Nasdaq Cybersecurity ETF by 7.4% in the 3rd quarter. Fearless Solutions LLC dba Best Invest now owns 20,185 shares of the company’s stock worth $2,081,000 after buying an additional 1,392 shares during the last quarter. Finally, ProCore Advisors LLC lifted its stake in First Trust Nasdaq Cybersecurity ETF by 5.2% during the 3rd quarter. ProCore Advisors LLC now owns 4,584 shares of the company’s stock valued at $473,000 after acquiring an additional 226 shares during the period.

First Trust Nasdaq Cybersecurity ETF Company Profile

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.