First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) Sets New 12-Month High – What’s Next?

First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) hit a new 52-week high during trading on Thursday . The company traded as high as $94.40 and last traded at $94.26, with a volume of 2546978 shares traded. The stock had previously closed at $91.66.

First Trust Nasdaq Cybersecurity ETF Stock Performance

The firm’s 50 day moving average is $83.26 and its 200-day moving average is $72.94. The stock has a market capitalization of $14.55 billion, a price-to-earnings ratio of 30.11 and a beta of 0.94.

First Trust Nasdaq Cybersecurity ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a $0.0721 dividend. 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%.

Institutional Investors Weigh In On First Trust Nasdaq Cybersecurity ETF

Several hedge funds have recently modified their holdings of CIBR. Alliance Wealth Advisors LLC purchased a new position in First Trust Nasdaq Cybersecurity ETF during the second quarter valued at $215,000. Allied Private Wealth LLC acquired a new stake in shares of First Trust Nasdaq Cybersecurity ETF in the second quarter valued at about $696,000. Herbst Group LLC increased its stake in shares of First Trust Nasdaq Cybersecurity ETF by 736.5% during the second quarter. Herbst Group LLC now owns 42,661 shares of the company’s stock worth $3,833,000 after purchasing an additional 37,561 shares in the last quarter. StoneCrest Wealth Management Inc. increased its stake in shares of First Trust Nasdaq Cybersecurity ETF by 1.2% during the second quarter. StoneCrest Wealth Management Inc. now owns 79,976 shares of the company’s stock worth $7,186,000 after purchasing an additional 963 shares in the last quarter. Finally, GoalVest Advisory LLC acquired a new position in shares of First Trust Nasdaq Cybersecurity ETF during the 2nd quarter worth about $737,000.

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.