Pallas Capital Advisors LLC Has $553,000 Stock Position in First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR)

Pallas Capital Advisors LLC lessened its holdings in shares of First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) by 18.7% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 9,715 shares of the company’s stock after selling 2,230 shares during the quarter. Pallas Capital Advisors LLC’s holdings in First Trust Nasdaq Cybersecurity ETF were worth $553,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Prudential PLC raised its stake in First Trust Nasdaq Cybersecurity ETF by 6.7% during the 4th quarter. Prudential PLC now owns 2,732,301 shares of the company’s stock worth $147,107,000 after buying an additional 172,069 shares during the period. Wells Fargo & Company MN increased its holdings in First Trust Nasdaq Cybersecurity ETF by 12.6% during the 4th quarter. Wells Fargo & Company MN now owns 1,753,636 shares of the company’s stock worth $94,416,000 after purchasing an additional 196,272 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in First Trust Nasdaq Cybersecurity ETF by 22.5% during the 1st quarter. Commonwealth Equity Services LLC now owns 861,135 shares of the company’s stock worth $48,559,000 after purchasing an additional 158,263 shares in the last quarter. Raymond James & Associates increased its holdings in First Trust Nasdaq Cybersecurity ETF by 11.9% during the 2nd quarter. Raymond James & Associates now owns 823,198 shares of the company’s stock worth $46,445,000 after purchasing an additional 87,450 shares in the last quarter. Finally, Kestra Advisory Services LLC increased its holdings in First Trust Nasdaq Cybersecurity ETF by 62.5% during the 1st quarter. Kestra Advisory Services LLC now owns 564,639 shares of the company’s stock worth $31,840,000 after purchasing an additional 217,159 shares in the last quarter.

First Trust Nasdaq Cybersecurity ETF Price Performance

CIBR stock traded down $0.10 during trading hours on Wednesday, reaching $58.91. 174,264 shares of the stock were exchanged, compared to its average volume of 669,490. The company has a market cap of $6.97 billion, a price-to-earnings ratio of 34.35 and a beta of 1.00. The firm’s 50-day moving average is $55.95 and its 200-day moving average is $55.77. First Trust Nasdaq Cybersecurity ETF has a 12 month low of $43.51 and a 12 month high of $59.33.

First Trust Nasdaq Cybersecurity ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were issued a $0.0662 dividend. This represents a $0.26 annualized dividend and a dividend yield of 0.45%. The ex-dividend date was Thursday, June 27th.

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.