First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) Sets New 1-Year High – Here’s Why

First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) shares reached a new 52-week high during trading on Wednesday. The company traded as high as $109.07 and last traded at $108.13, with a volume of 2411065 shares. The stock had previously closed at $106.01.

First Trust Nasdaq Cybersecurity ETF Stock Down 0.3%

The company has a market cap of $17.86 billion, a price-to-earnings ratio of 30.11 and a beta of 0.93. The company has a fifty day simple moving average of $98.93 and a two-hundred day simple moving average of $86.21.

First Trust Nasdaq Cybersecurity ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were given a $0.0029 dividend. The ex-dividend date was Thursday, September 24th. This represents a $0.01 annualized dividend and a dividend yield of 0.0%. This is a drop from First Trust Nasdaq Cybersecurity ETF’s previous quarterly dividend of $0.0721.

Institutional Investors Weigh In On First Trust Nasdaq Cybersecurity ETF

A number of large investors have recently added to or reduced their stakes in the business. HighTower Advisors LLC grew its position in shares of First Trust Nasdaq Cybersecurity ETF by 33.7% in the second quarter. HighTower Advisors LLC now owns 1,052,664 shares of the company’s stock valued at $94,582,000 after purchasing an additional 265,279 shares during the period. RFG Advisory LLC boosted its stake in First Trust Nasdaq Cybersecurity ETF by 23.7% in the 2nd quarter. RFG Advisory LLC now owns 45,861 shares of the company’s stock worth $4,121,000 after buying an additional 8,781 shares during the last quarter. Concurrent Investment Advisors LLC grew its holdings in First Trust Nasdaq Cybersecurity ETF by 40.0% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 63,566 shares of the company’s stock valued at $5,711,000 after buying an additional 18,167 shares during the period. Sava Penzisko Drushtvo A.D. Skopje purchased a new stake in First Trust Nasdaq Cybersecurity ETF in the 4th quarter valued at about $13,918,000. Finally, Compass Financial Management LLC acquired a new position in shares of First Trust Nasdaq Cybersecurity ETF during the 2nd quarter valued at about $1,391,000.

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.