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

First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) reached a new 52-week high during mid-day trading on Thursday. The company traded as high as $104.31 and last traded at $103.7590, with a volume of 13876 shares. The stock had previously closed at $103.09.

First Trust Nasdaq Cybersecurity ETF Trading Up 0.5%

The company has a 50 day simple moving average of $96.89 and a 200 day simple moving average of $84.48. The stock has a market capitalization of $17.37 billion, a PE ratio of 30.11 and a beta of 0.94.

First Trust Nasdaq Cybersecurity ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were issued a $0.0029 dividend. The ex-dividend date of this dividend was Thursday, September 24th. This is a decrease from First Trust Nasdaq Cybersecurity ETF’s previous quarterly dividend of $0.0721. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.0%.

Institutional Investors Weigh In On First Trust Nasdaq Cybersecurity ETF

Hedge funds have recently modified their holdings of the stock. Nemes Rush Group LLC grew its position in 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 buying an additional 174 shares during the last quarter. Tucker Asset Management LLC purchased a new position in First Trust Nasdaq Cybersecurity ETF during the 2nd quarter worth $39,000. Modus Advisors LLC acquired a new stake in shares of First Trust Nasdaq Cybersecurity ETF in the 4th quarter worth $48,000. Blue Trust Inc. boosted its holdings in shares of First Trust Nasdaq Cybersecurity ETF by 1,108.1% in the first quarter. Blue Trust Inc. now owns 1,039 shares of the company’s stock valued at $65,000 after acquiring an additional 953 shares in the last quarter. Finally, North Star Investment Management Corp. acquired a new position in shares of First Trust Nasdaq Cybersecurity ETF during the first quarter worth about $66,000.

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.