First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) Hits New 1-Year High – Here’s Why

First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBRGet Free Report)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $94.40 and last traded at $94.26, with a volume of 2546978 shares. The stock had previously closed at $91.66.

First Trust Nasdaq Cybersecurity ETF Trading Down 2.5%

The stock has a fifty day moving average of $84.29 and a 200-day moving average of $73.22. The firm has a market capitalization of $14.18 billion, a price-to-earnings ratio of 30.11 and a beta of 0.94.

First Trust Nasdaq Cybersecurity ETF Cuts Dividend

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CIBR. Bank of America Corp DE boosted its stake in shares of First Trust Nasdaq Cybersecurity ETF by 91.4% during the 3rd quarter. Bank of America Corp DE now owns 14,860,424 shares of the company’s stock valued at $1,129,541,000 after buying an additional 7,097,058 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of First Trust Nasdaq Cybersecurity ETF by 258.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,353,579 shares of the company’s stock valued at $96,713,000 after buying an additional 975,735 shares in the last quarter. LPL Financial LLC raised its position in 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 valued at $415,135,000 after acquiring an additional 430,986 shares in the last quarter. Wells Fargo & Company MN grew its position in First Trust Nasdaq Cybersecurity ETF by 9.7% in the fourth quarter. Wells Fargo & Company MN now owns 4,708,419 shares of the company’s stock worth $336,417,000 after acquiring an additional 417,396 shares in the last quarter. Finally, Morgan Stanley increased its stake in shares of First Trust Nasdaq Cybersecurity ETF by 3.0% during the 4th quarter. Morgan Stanley now owns 13,557,064 shares of the company’s stock worth $968,652,000 after purchasing an additional 394,758 shares during the last quarter.

First Trust Nasdaq Cybersecurity ETF Company Profile

(Get Free Report)

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.

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