First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) Hits New 1-Year High – Still a Buy?

First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) hit a new 52-week high during trading on Monday . The company traded as high as $100.98 and last traded at $100.49, with a volume of 437777 shares. The stock had previously closed at $97.85.

First Trust Nasdaq Cybersecurity ETF Price Performance

The firm has a market cap of $15.73 billion, a price-to-earnings ratio of 30.11 and a beta of 0.93. The business’s 50-day moving average price is $89.71 and its two-hundred day moving average price is $76.02.

First Trust Nasdaq Cybersecurity ETF Cuts Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Morgan Stanley boosted its holdings 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 purchasing an additional 394,758 shares during the last quarter. LPL Financial LLC grew its position in shares of First Trust Nasdaq Cybersecurity ETF by 8.0% in the fourth quarter. LPL Financial LLC now owns 5,810,145 shares of the company’s stock valued at $415,135,000 after purchasing an additional 430,986 shares during the period. UBS Group AG increased its stake in First Trust Nasdaq Cybersecurity ETF by 0.7% in the third quarter. UBS Group AG now owns 5,603,139 shares of the company’s stock valued at $425,895,000 after purchasing an additional 38,404 shares during the last quarter. Wells Fargo & Company MN increased its stake 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 valued at $336,417,000 after purchasing an additional 417,396 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its position in First Trust Nasdaq Cybersecurity ETF by 8.3% during the fourth quarter. Raymond James Financial Inc. now owns 2,441,650 shares of the company’s stock worth $174,456,000 after buying an additional 187,723 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.