First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) Hits New 12-Month High – Still a Buy?

Shares of First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $68.58 and last traded at $68.24, with a volume of 46297 shares. The stock had previously closed at $68.20.

First Trust Nasdaq Cybersecurity ETF Stock Down 0.6 %

The firm has a market capitalization of $8.17 billion, a price-to-earnings ratio of 34.35 and a beta of 1.00. The business has a 50-day moving average price of $65.04 and a 200-day moving average price of $61.24.

First Trust Nasdaq Cybersecurity ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.0812 per share. The ex-dividend date of this dividend was Friday, December 13th.

Institutional Investors Weigh In On First Trust Nasdaq Cybersecurity ETF

Several institutional investors have recently added to or reduced their stakes in CIBR. LPL Financial LLC raised its position in shares of First Trust Nasdaq Cybersecurity ETF by 5.4% in the 3rd quarter. LPL Financial LLC now owns 3,333,428 shares of the company’s stock valued at $197,439,000 after purchasing an additional 171,297 shares during the last quarter. Raymond James Financial Inc. acquired a new position in First Trust Nasdaq Cybersecurity ETF during the 4th quarter valued at approximately $107,833,000. Capital Asset Advisory Services LLC raised its holdings in shares of First Trust Nasdaq Cybersecurity ETF by 5.6% in the fourth quarter. Capital Asset Advisory Services LLC now owns 582,235 shares of the company’s stock worth $37,467,000 after buying an additional 31,132 shares during the last quarter. Axxcess Wealth Management LLC lifted its stake in shares of First Trust Nasdaq Cybersecurity ETF by 8,717.8% during the third quarter. Axxcess Wealth Management LLC now owns 547,583 shares of the company’s stock worth $32,433,000 after buying an additional 541,373 shares during the period. Finally, Stifel Financial Corp grew its holdings in shares of First Trust Nasdaq Cybersecurity ETF by 2.7% during the third quarter. Stifel Financial Corp now owns 436,432 shares of the company’s stock valued at $25,851,000 after buying an additional 11,575 shares during the last quarter.

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.