First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) Hits New 12-Month High – What’s Next?

First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $84.50 and last traded at $83.14, with a volume of 226081 shares traded. The stock had previously closed at $84.28.

First Trust Nasdaq Cybersecurity ETF Stock Down 2.9%

The stock has a market capitalization of $12.43 billion, a price-to-earnings ratio of 30.11 and a beta of 0.85. The company’s 50-day simple moving average is $69.45 and its 200 day simple moving average is $70.06.

First Trust Nasdaq Cybersecurity ETF Cuts Dividend

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

Hedge Funds Weigh In On First Trust Nasdaq Cybersecurity ETF

Several hedge funds have recently bought and sold shares of the business. American Institute for Advanced Investment Management LLP increased 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 worth $819,000 after buying an additional 135 shares during the last quarter. Synergy Investment Management LLC increased 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 worth $217,000 after buying an additional 150 shares during the last quarter. Wealthcare Advisory Partners LLC increased 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 worth $2,637,000 after buying an additional 153 shares during the last quarter. Geneos Wealth Management Inc. increased 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 worth $2,714,000 after buying an additional 154 shares during the last quarter. Finally, Essex Financial Services Inc. increased 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 worth $1,932,000 after buying an additional 160 shares during the last quarter.

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.