First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) Stock Price Breaks Below 50-Day Moving Average – Here’s What Happened

First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR)’s share price crossed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $101.30 and traded as low as $99.55. First Trust Nasdaq Cybersecurity ETF shares last traded at $101.03, with a volume of 2,836,872 shares changing hands.

First Trust Nasdaq Cybersecurity ETF Stock Performance

The stock’s 50-day moving average is $101.30 and its 200 day moving average is $83.23. The stock has a market capitalization of $17.48 billion, a PE ratio of 30.11 and a beta of 0.93.

First Trust Nasdaq Cybersecurity ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were paid a $0.0029 dividend. This is a drop from First Trust Nasdaq Cybersecurity ETF’s previous quarterly dividend of $0.0721. This represents a $0.01 annualized dividend and a yield of 0.0%. The ex-dividend date was Thursday, September 24th.

Institutional Trading of First Trust Nasdaq Cybersecurity ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in CIBR. Hilton Head Capital Partners LLC boosted its stake in shares of First Trust Nasdaq Cybersecurity ETF by 1,560.0% during the 3rd quarter. Hilton Head Capital Partners LLC now owns 249 shares of the company’s stock worth $26,000 after acquiring an additional 234 shares in the last quarter. Tucker Asset Management LLC acquired a new stake in shares of First Trust Nasdaq Cybersecurity ETF in the 2nd quarter worth approximately $39,000. GAMMA Investing LLC grew its holdings in shares of First Trust Nasdaq Cybersecurity ETF by 1,811.1% in the 3rd quarter. GAMMA Investing LLC now owns 516 shares of the company’s stock worth $53,000 after acquiring an additional 489 shares during the period. Polaris Financial Partners purchased a new position in First Trust Nasdaq Cybersecurity ETF in the 3rd quarter valued at approximately $65,000. Finally, Root Financial Partners LLC purchased a new position in First Trust Nasdaq Cybersecurity ETF in the 3rd quarter valued at approximately $67,000.

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.