First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) Hits New 52-Week High – Time to Buy?

First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) shares hit a new 52-week high on Wednesday . The stock traded as high as $81.62 and last traded at $80.40, with a volume of 1567005 shares trading hands. The stock had previously closed at $80.92.

First Trust Nasdaq Cybersecurity ETF Stock Down 0.6%

The company’s 50 day moving average price is $67.33 and its 200 day moving average price is $69.77. The firm has a market capitalization of $12.18 billion, a price-to-earnings 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. Stockholders of record on Thursday, March 26th were paid a dividend of $0.1098 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Thursday, March 26th.

Institutional Investors Weigh In On First Trust Nasdaq Cybersecurity ETF

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

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.