First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) Reaches New 52-Week High – Here’s Why

First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $78.49 and last traded at $78.36, with a volume of 600757 shares changing hands. The stock had previously closed at $75.85.

First Trust Nasdaq Cybersecurity ETF Stock Up 3.2%

The company’s fifty day moving average is $66.16 and its 200-day moving average is $69.70. The company has a market cap of $11.85 billion, a PE ratio of 30.11 and a beta of 0.85.

First Trust Nasdaq Cybersecurity ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a dividend of $0.1098 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Thursday, March 26th.

Institutional Trading of First Trust Nasdaq Cybersecurity ETF

Institutional investors and hedge funds have recently modified their holdings of the company. eCIO Inc. bought a new stake in shares of First Trust Nasdaq Cybersecurity ETF during the 4th quarter valued at $25,000. Nemes Rush Group LLC raised its position in shares of First Trust Nasdaq Cybersecurity ETF by 94.1% during 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 during the period. Gilpin Wealth Management LLC bought a new stake in shares of First Trust Nasdaq Cybersecurity ETF during the 4th quarter valued at $28,000. Ransom Advisory Ltd bought a new stake in shares of First Trust Nasdaq Cybersecurity ETF during the 4th quarter valued at $29,000. Finally, Truvestments Capital LLC bought a new stake in shares of First Trust Nasdaq Cybersecurity ETF during the 4th quarter valued at $29,000.

About First Trust Nasdaq Cybersecurity ETF

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.