First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) Reaches New 1-Year High – Still a Buy?

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

First Trust Nasdaq Cybersecurity ETF Stock Performance

The business’s 50-day moving average is $88.70 and its two-hundred day moving average is $75.31. The firm has a market capitalization of $15.16 billion, a price-to-earnings ratio of 30.11 and a beta of 0.94.

First Trust Nasdaq Cybersecurity ETF Cuts Dividend

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

Institutional Investors Weigh In On First Trust Nasdaq Cybersecurity ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in CIBR. Geneos Wealth Management Inc. grew its position in First Trust Nasdaq Cybersecurity ETF by 0.4% during the 4th quarter. Geneos Wealth Management Inc. now owns 37,986 shares of the company’s stock worth $2,714,000 after purchasing an additional 154 shares during the period. Wealthcare Advisory Partners LLC lifted its holdings in shares of First Trust Nasdaq Cybersecurity ETF by 0.5% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 34,318 shares of the company’s stock valued at $3,083,000 after buying an additional 154 shares during the period. Essex Financial Services Inc. boosted its stake in shares of First Trust Nasdaq Cybersecurity ETF by 0.6% in the fourth quarter. Essex Financial Services Inc. now owns 27,041 shares of the company’s stock worth $1,932,000 after buying an additional 160 shares during the last quarter. Gotham Asset Management LLC grew its holdings in First Trust Nasdaq Cybersecurity ETF by 1.3% during the third quarter. Gotham Asset Management LLC now owns 12,377 shares of the company’s stock worth $941,000 after acquiring an additional 162 shares during the period. Finally, Fiduciary Trust Co raised its position in First Trust Nasdaq Cybersecurity ETF by 2.5% during the third quarter. Fiduciary Trust Co now owns 6,711 shares of the company’s stock valued at $510,000 after acquiring an additional 166 shares in the last quarter.

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.