Pinnacle Wealth Management Advisory Group LLC Boosts Stock Position in First Trust Nasdaq Cybersecurity ETF $CIBR

Pinnacle Wealth Management Advisory Group LLC grew its holdings in First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) by 7.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 124,777 shares of the company’s stock after acquiring an additional 8,328 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC’s holdings in First Trust Nasdaq Cybersecurity ETF were worth $8,915,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Bank of America Corp DE increased its position in shares of First Trust Nasdaq Cybersecurity ETF by 91.4% in the third quarter. Bank of America Corp DE now owns 14,860,424 shares of the company’s stock valued at $1,129,541,000 after buying an additional 7,097,058 shares in the last quarter. UBS Group AG increased its position in shares of First Trust Nasdaq Cybersecurity ETF by 0.7% in the third quarter. UBS Group AG now owns 5,603,139 shares of the company’s stock valued at $425,895,000 after buying an additional 38,404 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of First Trust Nasdaq Cybersecurity ETF by 10.3% in the third quarter. Raymond James Financial Inc. now owns 2,253,927 shares of the company’s stock valued at $171,321,000 after buying an additional 210,447 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of First Trust Nasdaq Cybersecurity ETF by 20.0% in the third 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 in the last quarter. Finally, Commonwealth Equity Services LLC increased its position in shares of First Trust Nasdaq Cybersecurity ETF by 7.5% in the third quarter. Commonwealth Equity Services LLC now owns 1,098,197 shares of the company’s stock valued at $83,474,000 after buying an additional 76,881 shares in the last quarter.

First Trust Nasdaq Cybersecurity ETF Price Performance

First Trust Nasdaq Cybersecurity ETF stock opened at $68.76 on Monday. The stock has a market capitalization of $10.42 billion, a PE ratio of 30.11 and a beta of 0.85. First Trust Nasdaq Cybersecurity ETF has a 12 month low of $60.07 and a 12 month high of $78.34. The business has a 50 day simple moving average of $64.64 and a 200-day simple moving average of $69.83.

First Trust Nasdaq Cybersecurity ETF Cuts Dividend

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

First Trust Nasdaq Cybersecurity ETF 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.