Arax Advisory Partners Makes New $3.80 Million Investment in First Trust Nasdaq Cybersecurity ETF $CIBR

Arax Advisory Partners acquired a new position in shares of First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 53,122 shares of the company’s stock, valued at approximately $3,796,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. raised its stake in First Trust Nasdaq Cybersecurity ETF by 30.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,185 shares of the company’s stock worth $90,000 after purchasing an additional 280 shares in the last quarter. Brown Advisory Inc. raised its stake in First Trust Nasdaq Cybersecurity ETF by 37.6% in the 2nd quarter. Brown Advisory Inc. now owns 4,563 shares of the company’s stock worth $345,000 after purchasing an additional 1,246 shares in the last quarter. Cerity Partners LLC raised its stake in First Trust Nasdaq Cybersecurity ETF by 38.9% in the 2nd quarter. Cerity Partners LLC now owns 15,351 shares of the company’s stock worth $1,160,000 after purchasing an additional 4,302 shares in the last quarter. Qube Research & Technologies Ltd raised its stake in First Trust Nasdaq Cybersecurity ETF by 235.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 160,290 shares of the company’s stock worth $12,115,000 after purchasing an additional 112,459 shares in the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new stake in First Trust Nasdaq Cybersecurity ETF in the 2nd quarter worth about $332,000.

First Trust Nasdaq Cybersecurity ETF Price Performance

Shares of First Trust Nasdaq Cybersecurity ETF stock opened at $85.33 on Monday. First Trust Nasdaq Cybersecurity ETF has a twelve month low of $60.07 and a twelve month high of $94.39. The company has a 50-day simple moving average of $75.32 and a two-hundred day simple moving average of $71.22. The stock has a market capitalization of $12.93 billion, a price-to-earnings ratio of 30.11 and a beta of 0.94.

First Trust Nasdaq Cybersecurity ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a $0.1098 dividend. The ex-dividend date was Thursday, March 26th. This represents a $0.44 annualized dividend and a yield of 0.5%.

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.