First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) Shares Break Below Fifty Day Moving Average – Here’s Why

First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) crossed below its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $101.30 and traded as low as $99.55. First Trust Nasdaq Cybersecurity ETF shares last traded at $101.03, with a volume of 2,836,872 shares.

First Trust Nasdaq Cybersecurity ETF Stock Performance

The company has a 50 day simple moving average of $101.30 and a two-hundred day simple moving average of $83.23. The company has a market cap of $17.48 billion, a PE ratio of 30.11 and a beta of 0.93.

First Trust Nasdaq Cybersecurity ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were given a $0.0029 dividend. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.0%. This is a negative change from First Trust Nasdaq Cybersecurity ETF’s previous quarterly dividend of $0.0721. The ex-dividend date of this dividend was Thursday, September 24th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hilton Head Capital Partners LLC lifted its position in First Trust Nasdaq Cybersecurity ETF by 1,560.0% in the 3rd quarter. Hilton Head Capital Partners LLC now owns 249 shares of the company’s stock worth $26,000 after buying an additional 234 shares in the last quarter. Tucker Asset Management LLC acquired a new stake in shares of First Trust Nasdaq Cybersecurity ETF during the 2nd quarter valued at $39,000. GAMMA Investing LLC grew its holdings in shares of First Trust Nasdaq Cybersecurity ETF by 1,811.1% during the 3rd quarter. GAMMA Investing LLC now owns 516 shares of the company’s stock valued at $53,000 after acquiring an additional 489 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of First Trust Nasdaq Cybersecurity ETF by 1,108.1% during the 1st quarter. Blue Trust Inc. now owns 1,039 shares of the company’s stock valued at $65,000 after acquiring an additional 953 shares in the last quarter. Finally, Polaris Financial Partners purchased a new position in shares of First Trust Nasdaq Cybersecurity ETF during the 3rd quarter valued at $65,000.

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.