First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) Reaches New 12-Month High – Should You Buy?

First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $96.73 and last traded at $96.48, with a volume of 248773 shares changing hands. The stock had previously closed at $93.91.

First Trust Nasdaq Cybersecurity ETF Stock Performance

The stock has a market capitalization of $15.16 billion, a price-to-earnings ratio of 30.11 and a beta of 0.94. The company has a 50-day moving average of $88.70 and a 200-day moving average of $75.31.

First Trust Nasdaq Cybersecurity ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a dividend of $0.0721 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.29 dividend on an annualized basis and a yield of 0.3%.

Hedge Funds Weigh In On First Trust Nasdaq Cybersecurity ETF

A number of large investors have recently modified their holdings of the company. GR Financial Group LLC purchased a new stake in First Trust Nasdaq Cybersecurity ETF during the 2nd quarter worth $225,000. Advantage Trust Co raised its stake in shares of First Trust Nasdaq Cybersecurity ETF by 1.0% in the 2nd quarter. Advantage Trust Co now owns 30,074 shares of the company’s stock valued at $2,702,000 after purchasing an additional 300 shares in the last quarter. O Connor Financial Group LLC grew its position in shares of First Trust Nasdaq Cybersecurity ETF by 1.6% in the 2nd quarter. O Connor Financial Group LLC now owns 88,038 shares of the company’s stock worth $7,910,000 after acquiring an additional 1,398 shares in the last quarter. Hengehold Capital Management LLC boosted its holdings in First Trust Nasdaq Cybersecurity ETF by 5.5% in the second quarter. Hengehold Capital Management LLC now owns 124,520 shares of the company’s stock worth $11,188,000 after purchasing an additional 6,529 shares during the period. Finally, Park National Corp OH bought a new stake in shares of First Trust Nasdaq Cybersecurity ETF during the 2nd quarter valued at about $29,018,000.

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.