First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) Hits New 12-Month High – Time to Buy?

First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $95.09 and last traded at $94.73, with a volume of 1366099 shares traded. The stock had previously closed at $91.84.

First Trust Nasdaq Cybersecurity ETF Trading Up 3.1%

The company’s 50 day simple moving average is $85.25 and its 200-day simple moving average is $73.51. The firm has a market cap of $14.62 billion, a P/E ratio of 30.11 and a beta of 0.94.

First Trust Nasdaq Cybersecurity ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a $0.0721 dividend. The ex-dividend date was Thursday, June 25th. This represents a $0.29 annualized dividend and a yield of 0.3%.

Institutional Investors Weigh In On First Trust Nasdaq Cybersecurity ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. eCIO Inc. purchased a new position in shares of First Trust Nasdaq Cybersecurity ETF in the 4th quarter worth $25,000. Nemes Rush Group LLC increased its position in First Trust Nasdaq Cybersecurity ETF by 94.1% during the fourth quarter. Nemes Rush Group LLC now owns 359 shares of the company’s stock valued at $26,000 after acquiring an additional 174 shares during the last quarter. Gilpin Wealth Management LLC purchased a new stake in First Trust Nasdaq Cybersecurity ETF during the fourth quarter valued at $28,000. Ransom Advisory Ltd bought a new position in First Trust Nasdaq Cybersecurity ETF in the fourth quarter valued at about $29,000. Finally, Truvestments Capital LLC bought a new position in First Trust Nasdaq Cybersecurity ETF in the fourth quarter valued at about $29,000.

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.