Valley National Advisers Inc. Cuts Stock Holdings in First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR)

Valley National Advisers Inc. decreased its position in First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) by 15.0% in the third quarter, Holdings Channel reports. The institutional investor owned 8,941 shares of the company’s stock after selling 1,578 shares during the period. Valley National Advisers Inc.’s holdings in First Trust Nasdaq Cybersecurity ETF were worth $529,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the company. Fairfield Financial Advisors LTD purchased a new stake in shares of First Trust Nasdaq Cybersecurity ETF in the second quarter valued at approximately $28,000. Signaturefd LLC purchased a new position in First Trust Nasdaq Cybersecurity ETF during the second quarter worth about $37,000. Retirement Group LLC boosted its position in shares of First Trust Nasdaq Cybersecurity ETF by 75.0% during the 1st quarter. Retirement Group LLC now owns 700 shares of the company’s stock worth $39,000 after purchasing an additional 300 shares during the period. Zions Bancorporation N.A. purchased a new stake in First Trust Nasdaq Cybersecurity ETF in the second quarter valued at approximately $39,000. Finally, Eastern Bank acquired a new position in First Trust Nasdaq Cybersecurity ETF during the third quarter worth $39,000.

First Trust Nasdaq Cybersecurity ETF Trading Up 0.3 %

CIBR opened at $61.11 on Monday. The stock’s 50-day moving average price is $59.34 and its 200 day moving average price is $56.63. First Trust Nasdaq Cybersecurity ETF has a 12-month low of $43.51 and a 12-month high of $62.94. The firm has a market cap of $6.89 billion, a price-to-earnings ratio of 34.35 and a beta of 1.00.

First Trust Nasdaq Cybersecurity ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a $0.0108 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.07%. The ex-dividend date of this dividend was Thursday, September 26th.

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.