First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) Sets New 52-Week High – Still a Buy?

Shares of First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) hit a new 52-week high on Thursday . The company traded as high as $78.49 and last traded at $78.36, with a volume of 600757 shares changing hands. The stock had previously closed at $75.85.

First Trust Nasdaq Cybersecurity ETF Stock Performance

The stock has a 50 day moving average of $66.74 and a two-hundred day moving average of $69.77. The firm has a market capitalization of $11.98 billion, a P/E ratio of 30.11 and a beta of 0.85.

First Trust Nasdaq Cybersecurity ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a $0.1098 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, March 26th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CIBR. Bank of America Corp DE raised its stake in shares of First Trust Nasdaq Cybersecurity ETF by 91.4% in the 3rd quarter. Bank of America Corp DE now owns 14,860,424 shares of the company’s stock valued at $1,129,541,000 after acquiring an additional 7,097,058 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of First Trust Nasdaq Cybersecurity ETF by 258.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,353,579 shares of the company’s stock valued at $96,713,000 after acquiring an additional 975,735 shares in the last quarter. LPL Financial LLC grew its holdings in First Trust Nasdaq Cybersecurity ETF by 8.0% in the 4th quarter. LPL Financial LLC now owns 5,810,145 shares of the company’s stock valued at $415,135,000 after buying an additional 430,986 shares during the last quarter. Wells Fargo & Company MN grew its holdings in First Trust Nasdaq Cybersecurity ETF by 9.7% in the 4th quarter. Wells Fargo & Company MN now owns 4,708,419 shares of the company’s stock valued at $336,417,000 after buying an additional 417,396 shares during the last quarter. Finally, Morgan Stanley grew its holdings in First Trust Nasdaq Cybersecurity ETF by 3.0% in the 4th quarter. Morgan Stanley now owns 13,557,064 shares of the company’s stock valued at $968,652,000 after buying an additional 394,758 shares during 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.