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

First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $84.50 and last traded at $83.14, with a volume of 226081 shares trading hands. The stock had previously closed at $84.28.

First Trust Nasdaq Cybersecurity ETF Price Performance

The company has a market cap of $12.83 billion, a P/E ratio of 30.11 and a beta of 0.85. The company has a 50 day moving average of $68.71 and a 200-day moving average of $69.95.

First Trust Nasdaq Cybersecurity ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a dividend of $0.1098 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.44 annualized dividend and a yield of 0.5%.

Institutional Investors Weigh In On First Trust Nasdaq Cybersecurity ETF

Several hedge funds have recently added to or reduced their stakes in the company. American Institute for Advanced Investment Management LLP lifted its stake in First Trust Nasdaq Cybersecurity ETF by 1.3% during the third quarter. American Institute for Advanced Investment Management LLP now owns 10,770 shares of the company’s stock worth $819,000 after purchasing an additional 135 shares during the last quarter. Synergy Investment Management LLC lifted its stake in First Trust Nasdaq Cybersecurity ETF by 5.6% during the third quarter. Synergy Investment Management LLC now owns 2,852 shares of the company’s stock worth $217,000 after purchasing an additional 150 shares during the last quarter. Wealthcare Advisory Partners LLC lifted its stake in First Trust Nasdaq Cybersecurity ETF by 0.4% during the third quarter. Wealthcare Advisory Partners LLC now owns 34,691 shares of the company’s stock worth $2,637,000 after purchasing an additional 153 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in First Trust Nasdaq Cybersecurity ETF by 0.4% during the fourth quarter. Geneos Wealth Management Inc. now owns 37,986 shares of the company’s stock worth $2,714,000 after purchasing an additional 154 shares during the last quarter. Finally, Essex Financial Services Inc. lifted its stake in First Trust Nasdaq Cybersecurity ETF by 0.6% during the fourth quarter. Essex Financial Services Inc. now owns 27,041 shares of the company’s stock worth $1,932,000 after purchasing an additional 160 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.