First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) Reaches New 52-Week High – Time to Buy?

Shares of First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) hit a new 52-week high on Friday . The stock traded as high as $65.88 and last traded at $65.80, with a volume of 30078 shares trading hands. The stock had previously closed at $64.81.

First Trust Nasdaq Cybersecurity ETF Price Performance

The firm’s 50 day moving average price is $62.42 and its 200 day moving average price is $58.56. The stock has a market capitalization of $7.39 billion, a P/E ratio of 34.35 and a beta of 1.00.

First Trust Nasdaq Cybersecurity ETF Cuts Dividend

The business also recently declared 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 annualized dividend and a yield of 0.07%. The ex-dividend date of this dividend was Thursday, September 26th.

Institutional Investors Weigh In On First Trust Nasdaq Cybersecurity ETF

Several hedge funds have recently bought and sold shares of CIBR. Atomi Financial Group Inc. raised its holdings in First Trust Nasdaq Cybersecurity ETF by 4.6% in the 3rd quarter. Atomi Financial Group Inc. now owns 6,739 shares of the company’s stock worth $399,000 after acquiring an additional 295 shares during the last quarter. Plotkin Financial Advisors LLC bought a new position in shares of First Trust Nasdaq Cybersecurity ETF during the 3rd quarter valued at approximately $6,905,000. Beck Capital Management LLC increased its holdings in First Trust Nasdaq Cybersecurity ETF by 1.5% in the 2nd quarter. Beck Capital Management LLC now owns 72,758 shares of the company’s stock worth $4,105,000 after acquiring an additional 1,098 shares in the last quarter. Triton Wealth Management PLLC raised its stake in First Trust Nasdaq Cybersecurity ETF by 11.2% during the 3rd quarter. Triton Wealth Management PLLC now owns 6,568 shares of the company’s stock worth $384,000 after acquiring an additional 663 shares during the period. Finally, Y.D. More Investments Ltd lifted its holdings in First Trust Nasdaq Cybersecurity ETF by 13.1% during the second quarter. Y.D. More Investments Ltd now owns 5,524 shares of the company’s stock valued at $311,000 after purchasing an additional 640 shares in the last quarter.

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.