Concorde Asset Management LLC Has $3.76 Million Position in First Trust Nasdaq Cybersecurity ETF $CIBR

Concorde Asset Management LLC reduced its stake in shares of First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) by 12.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,875 shares of the company’s stock after selling 6,025 shares during the period. First Trust Nasdaq Cybersecurity ETF accounts for 2.1% of Concorde Asset Management LLC’s investment portfolio, making the stock its 13th biggest holding. Concorde Asset Management LLC’s holdings in First Trust Nasdaq Cybersecurity ETF were worth $3,762,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its position in First Trust Nasdaq Cybersecurity ETF by 258.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,353,579 shares of the company’s stock valued at $96,713,000 after purchasing an additional 975,735 shares during the last quarter. LPL Financial LLC increased its position in First Trust Nasdaq Cybersecurity ETF by 8.0% in the 4th quarter. LPL Financial LLC now owns 5,810,145 shares of the company’s stock worth $415,135,000 after purchasing an additional 430,986 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of First Trust Nasdaq Cybersecurity ETF by 9.7% during the 4th quarter. Wells Fargo & Company MN now owns 4,708,419 shares of the company’s stock worth $336,417,000 after purchasing an additional 417,396 shares in the last quarter. Morgan Stanley raised its stake in shares of First Trust Nasdaq Cybersecurity ETF by 3.0% during the 4th quarter. Morgan Stanley now owns 13,557,064 shares of the company’s stock worth $968,652,000 after purchasing an additional 394,758 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of First Trust Nasdaq Cybersecurity ETF by 20.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,661,705 shares of the company’s stock valued at $126,267,000 after buying an additional 276,850 shares during the last quarter.

First Trust Nasdaq Cybersecurity ETF Price Performance

Shares of First Trust Nasdaq Cybersecurity ETF stock opened at $94.01 on Wednesday. The firm has a market cap of $14.69 billion, a price-to-earnings ratio of 30.11 and a beta of 0.94. The stock has a 50-day simple moving average of $94.18 and a 200-day simple moving average of $80.41. First Trust Nasdaq Cybersecurity ETF has a 52-week low of $60.07 and a 52-week high of $102.35.

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 paid a $0.0721 dividend. The ex-dividend date was Thursday, June 25th. This represents a $0.29 dividend on an annualized basis and a yield of 0.3%.

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.