Eastern Bank Trims Stock Holdings in First Trust Nasdaq Cybersecurity ETF $CIBR

Eastern Bank trimmed its holdings in First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) by 54.7% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 652 shares of the company’s stock after selling 788 shares during the period. Eastern Bank’s holdings in First Trust Nasdaq Cybersecurity ETF were worth $49,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. LPL Financial LLC raised its holdings in shares of First Trust Nasdaq Cybersecurity ETF by 12.5% in the first quarter. LPL Financial LLC now owns 4,147,552 shares of the company’s stock worth $261,296,000 after buying an additional 460,276 shares during the period. Raymond James Financial Inc. increased its holdings in First Trust Nasdaq Cybersecurity ETF by 15.5% during the 1st quarter. Raymond James Financial Inc. now owns 1,963,628 shares of the company’s stock worth $123,709,000 after purchasing an additional 264,136 shares during the period. Royal Bank of Canada increased its holdings in First Trust Nasdaq Cybersecurity ETF by 4.3% during the 1st quarter. Royal Bank of Canada now owns 1,911,605 shares of the company’s stock worth $120,431,000 after purchasing an additional 77,959 shares during the period. Commonwealth Equity Services LLC increased its holdings in First Trust Nasdaq Cybersecurity ETF by 9.2% during the 1st quarter. Commonwealth Equity Services LLC now owns 971,283 shares of the company’s stock worth $61,191,000 after purchasing an additional 82,076 shares during the period. Finally, CWM LLC increased its holdings in First Trust Nasdaq Cybersecurity ETF by 81.1% during the 1st quarter. CWM LLC now owns 712,658 shares of the company’s stock worth $44,897,000 after purchasing an additional 319,085 shares during the period.

First Trust Nasdaq Cybersecurity ETF Stock Down 3.2%

CIBR opened at $75.47 on Monday. The stock’s fifty day moving average is $74.21 and its two-hundred day moving average is $71.32. The company has a market capitalization of $11.03 billion, a P/E ratio of 30.11 and a beta of 1.00. First Trust Nasdaq Cybersecurity ETF has a 52 week low of $55.02 and a 52 week high of $78.32.

First Trust Nasdaq Cybersecurity ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were issued a dividend of $0.0006 per share. This represents a $0.00 annualized dividend and a yield of 0.0%. The ex-dividend date was Thursday, September 25th.

First Trust Nasdaq Cybersecurity ETF 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.