First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) Reaches New 1-Year High – Here’s Why

First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR)’s stock price reached a new 52-week high on Monday . The company traded as high as $100.98 and last traded at $100.49, with a volume of 437777 shares changing hands. The stock had previously closed at $97.85.

First Trust Nasdaq Cybersecurity ETF Price Performance

The firm has a market capitalization of $15.61 billion, a price-to-earnings ratio of 30.11 and a beta of 0.93. The business’s 50 day moving average price is $89.95 and its 200-day moving average price is $76.45.

First Trust Nasdaq Cybersecurity ETF Cuts Dividend

The company also recently announced 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 annualized dividend and a yield of 0.3%.

Hedge Funds Weigh In On First Trust Nasdaq Cybersecurity ETF

Several institutional investors and hedge funds have recently modified their holdings of the company. Nemes Rush Group LLC lifted its stake in shares of First Trust Nasdaq Cybersecurity ETF by 94.1% in the 4th quarter. Nemes Rush Group LLC now owns 359 shares of the company’s stock valued at $26,000 after purchasing an additional 174 shares in the last quarter. Gilpin Wealth Management LLC acquired a new stake in First Trust Nasdaq Cybersecurity ETF during the 4th quarter worth approximately $28,000. Truvestments Capital LLC purchased a new position in First Trust Nasdaq Cybersecurity ETF in the fourth quarter valued at approximately $29,000. Tucker Asset Management LLC acquired a new position in First Trust Nasdaq Cybersecurity ETF during the fourth quarter valued at approximately $34,000. Finally, Ancora Advisors LLC acquired a new position in First Trust Nasdaq Cybersecurity ETF during the third quarter valued at approximately $35,000.

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.