First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) Shares Break Below Fifty Day Moving Average – Here’s Why

First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR)’s stock price crossed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $101.30 and traded as low as $99.55. First Trust Nasdaq Cybersecurity ETF shares last traded at $101.03, with a volume of 2,836,872 shares traded.

First Trust Nasdaq Cybersecurity ETF Stock Down 3.8%

The company has a market cap of $17.48 billion, a P/E ratio of 30.11 and a beta of 0.93. The company has a 50 day moving average price of $101.30 and a 200-day moving average price of $83.23.

First Trust Nasdaq Cybersecurity ETF Cuts Dividend

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

Hedge Funds Weigh In On First Trust Nasdaq Cybersecurity ETF

Large investors have recently bought and sold shares of the stock. Parkway Wealth Management Group LLC acquired a new stake in First Trust Nasdaq Cybersecurity ETF during the 3rd quarter valued at $41,972,000. HighTower Advisors LLC boosted 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 worth $94,582,000 after buying an additional 265,279 shares during the period. Park National Corp OH acquired a new stake in shares of First Trust Nasdaq Cybersecurity ETF in the second quarter worth $29,018,000. First Trust Advisors LP boosted its position in shares of First Trust Nasdaq Cybersecurity ETF by 12.4% in the first quarter. First Trust Advisors LP now owns 1,184,040 shares of the company’s stock worth $74,189,000 after buying an additional 130,676 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of First Trust Nasdaq Cybersecurity ETF during the third quarter valued at $12,761,000.

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.