First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) Hits New 52-Week High – Time to Buy?

First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $81.62 and last traded at $80.40, with a volume of 1567005 shares. The stock had previously closed at $80.92.

First Trust Nasdaq Cybersecurity ETF Stock Down 0.6%

The company has a market capitalization of $12.18 billion, a price-to-earnings ratio of 30.11 and a beta of 0.85. The business’s 50-day moving average is $67.33 and its 200-day moving average is $69.77.

First Trust Nasdaq Cybersecurity ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a dividend of $0.1098 per share. The ex-dividend date was Thursday, March 26th. This represents a $0.44 dividend on an annualized basis and a yield of 0.5%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. American Institute for Advanced Investment Management LLP lifted its position in First Trust Nasdaq Cybersecurity ETF by 1.3% during the third quarter. American Institute for Advanced Investment Management LLP now owns 10,770 shares of the company’s stock valued at $819,000 after purchasing an additional 135 shares during the period. Synergy Investment Management LLC lifted its position in First Trust Nasdaq Cybersecurity ETF by 5.6% during the third quarter. Synergy Investment Management LLC now owns 2,852 shares of the company’s stock valued at $217,000 after purchasing an additional 150 shares during the period. Wealthcare Advisory Partners LLC lifted its position in First Trust Nasdaq Cybersecurity ETF by 0.4% during the third quarter. Wealthcare Advisory Partners LLC now owns 34,691 shares of the company’s stock valued at $2,637,000 after purchasing an additional 153 shares during the period. Geneos Wealth Management Inc. lifted its position in First Trust Nasdaq Cybersecurity ETF by 0.4% during the fourth quarter. Geneos Wealth Management Inc. now owns 37,986 shares of the company’s stock valued at $2,714,000 after purchasing an additional 154 shares during the period. Finally, Essex Financial Services Inc. lifted its position in First Trust Nasdaq Cybersecurity ETF by 0.6% during the fourth quarter. Essex Financial Services Inc. now owns 27,041 shares of the company’s stock valued at $1,932,000 after purchasing an additional 160 shares during the period.

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.