Modern Wealth Management LLC Boosts Stake in First Trust Nasdaq Cybersecurity ETF $CIBR

Modern Wealth Management LLC raised its holdings in First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) by 1.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 224,951 shares of the company’s stock after purchasing an additional 2,485 shares during the quarter. Modern Wealth Management LLC owned 0.18% of First Trust Nasdaq Cybersecurity ETF worth $14,172,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northern Trust Corp raised its position in First Trust Nasdaq Cybersecurity ETF by 13.4% in the fourth quarter. Northern Trust Corp now owns 5,556 shares of the company’s stock valued at $353,000 after purchasing an additional 655 shares during the period. Cerity Partners LLC raised its holdings in shares of First Trust Nasdaq Cybersecurity ETF by 6.8% in the 1st quarter. Cerity Partners LLC now owns 11,049 shares of the company’s stock valued at $696,000 after buying an additional 700 shares during the period. Dynamic Advisor Solutions LLC raised its holdings in shares of First Trust Nasdaq Cybersecurity ETF by 6.3% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 15,037 shares of the company’s stock valued at $947,000 after buying an additional 895 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of First Trust Nasdaq Cybersecurity ETF by 7.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 611,499 shares of the company’s stock valued at $38,524,000 after buying an additional 43,005 shares during the period. Finally, Park Avenue Securities LLC raised its holdings in shares of First Trust Nasdaq Cybersecurity ETF by 73.6% in the 1st quarter. Park Avenue Securities LLC now owns 6,389 shares of the company’s stock valued at $403,000 after buying an additional 2,709 shares during the period.

First Trust Nasdaq Cybersecurity ETF Trading Up 0.8%

CIBR stock opened at $75.59 on Friday. The company has a market capitalization of $10.29 billion, a PE ratio of 30.11 and a beta of 1.00. First Trust Nasdaq Cybersecurity ETF has a 12-month low of $55.02 and a 12-month high of $76.36. The business’s fifty day moving average price is $73.31 and its 200 day moving average price is $69.66.

First Trust Nasdaq Cybersecurity ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were issued a $0.0898 dividend. The ex-dividend date was Thursday, June 26th. This represents a $0.36 annualized dividend and a dividend yield of 0.5%. This is a boost from First Trust Nasdaq Cybersecurity ETF’s previous quarterly dividend of $0.00.

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.