First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) Reaches New 52-Week High – Here’s Why

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

First Trust Nasdaq Cybersecurity ETF Price Performance

The company has a market capitalization of $11.85 billion, a P/E ratio of 30.11 and a beta of 0.85. The stock’s 50 day moving average is $66.16 and its 200-day moving average is $69.70.

First Trust Nasdaq Cybersecurity ETF Cuts Dividend

The business also recently declared 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 yield of 0.6%. The ex-dividend date of this dividend was Thursday, March 26th.

Hedge Funds Weigh In On First Trust Nasdaq Cybersecurity ETF

A number of institutional investors and hedge funds have recently made changes to their positions in CIBR. Russell Investments Group Ltd. increased its stake in shares of First Trust Nasdaq Cybersecurity ETF by 30.9% during the second quarter. Russell Investments Group Ltd. now owns 1,185 shares of the company’s stock valued at $90,000 after purchasing an additional 280 shares in the last quarter. Brown Advisory Inc. increased its stake in shares of First Trust Nasdaq Cybersecurity ETF by 37.6% during the second quarter. Brown Advisory Inc. now owns 4,563 shares of the company’s stock valued at $345,000 after purchasing an additional 1,246 shares in the last quarter. Cerity Partners LLC increased its stake in shares of First Trust Nasdaq Cybersecurity ETF by 38.9% during the second quarter. Cerity Partners LLC now owns 15,351 shares of the company’s stock valued at $1,160,000 after purchasing an additional 4,302 shares in the last quarter. Qube Research & Technologies Ltd increased its stake in shares of First Trust Nasdaq Cybersecurity ETF by 235.1% during the second quarter. Qube Research & Technologies Ltd now owns 160,290 shares of the company’s stock valued at $12,115,000 after purchasing an additional 112,459 shares in the last quarter. Finally, The Manufacturers Life Insurance Company bought a new position in shares of First Trust Nasdaq Cybersecurity ETF during the second quarter valued at approximately $332,000.

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.