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

First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $102.81 and last traded at $102.2160, with a volume of 686482 shares changing hands. The stock had previously closed at $100.30.

First Trust Nasdaq Cybersecurity ETF Price Performance

The company’s 50 day simple moving average is $94.88 and its 200 day simple moving average is $81.85. The stock has a market cap of $16.38 billion, a P/E 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 given a $0.0721 dividend. The ex-dividend date was Thursday, June 25th. This represents a $0.29 dividend on an annualized basis and a dividend yield of 0.3%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tidal Investments LLC acquired a new position in shares of First Trust Nasdaq Cybersecurity ETF during the second quarter worth about $2,909,000. IPG Investment Advisors LLC raised its position in First Trust Nasdaq Cybersecurity ETF by 102.8% in the 2nd quarter. IPG Investment Advisors LLC now owns 9,137 shares of the company’s stock valued at $821,000 after buying an additional 4,632 shares during the last quarter. Plimoth Trust Co. LLC bought a new stake in First Trust Nasdaq Cybersecurity ETF in the 2nd quarter valued at approximately $228,000. Capital Analysts LLC lifted its stake in First Trust Nasdaq Cybersecurity ETF by 39.1% in the 2nd quarter. Capital Analysts LLC now owns 8,861 shares of the company’s stock valued at $796,000 after acquiring an additional 2,490 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC grew its stake in shares of First Trust Nasdaq Cybersecurity ETF by 0.8% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 132,296 shares of the company’s stock worth $11,887,000 after acquiring an additional 1,080 shares in the last quarter.

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.