Avestar Capital Elevates Stake in First Trust Nasdaq Cybersecurity ETF
Avestar Capital LLC has significantly augmented its investment in the First Trust Nasdaq Cybersecurity ETF (NASDAQ: CIBR – Free Report), increasing its holdings by an impressive 14.5% during the second quarter, as indicated by its latest filing with the Securities and Exchange Commission (SEC).
Following this acquisition, Avestar now possesses 125,371 shares after adding 15,839 shares in the expressed timeframe. Notably, this ETF constitutes roughly 0.6% of Avestar’s overall portfolio, ranking as its 27th largest holding.
The firm held approximately 0.09% of the First Trust Nasdaq Cybersecurity ETF, valued at $9,476,000, according to the most recent SEC documentation.
Additionally, several other institutional investors and hedge funds have made substantial movements regarding their stakes in CIBR.
Laurel Wealth Advisors LLC experienced a staggering 7,426.6% increase in its holdings during the second quarter, now commanding 4,535,556 shares valued at $342,797,000 after acquiring an additional 4,475,296 shares.
Flow Traders U.S. LLC initiated a new position in the First Trust Nasdaq Cybersecurity ETF during the first quarter, estimated at approximately $30,341,000. Similarly, Jane Street Group LLC entered the arena with a new investment of about $27,123,000 in the same quarter.
Parker Investment Management LLC engaged in a fresh acquisition valued at around $20,601,000 during the second quarter. In a notable move, Raymond James Financial Inc. increased its stake by 15.5% in the first quarter, now owning 1,963,628 shares worth $123,709,000 after procuring an additional 264,136 shares.
First Trust Nasdaq Cybersecurity ETF Experiences Modest Increase
The CIBR stock opened at $74.98 on Friday. With a market capitalization of $11.17 billion, a P/E ratio of 30.11, and a beta of 0.93, the fund has demonstrated resilience.
Its 50-day simple moving average stands at $75.46, while the 200-day simple moving average is pegged at $74.19. The ETF has witnessed a twelve-month low of $55.02 juxtaposed against a twelve-month high of $78.34.
First Trust Nasdaq Cybersecurity ETF Announces Dividend Reduction
Furthermore, the firm recently declared a quarterly dividend, which was disbursed on Tuesday, September 30th. Shareholders recorded on Thursday, September 25th, received a meager dividend of $0.0006 per share.
The ex-dividend date was also Thursday, September 25th. This amounts to an annualized dividend of $0.00, reflecting a yield of 0.0%.
Profile of First Trust Nasdaq Cybersecurity ETF
The First Trust NASDAQ Cybersecurity ETF (CIBR) is an exchange-traded fund designed to emulate the Nasdaq CTA Cybersecurity Index. This fund meticulously tracks a liquidity-weighted index, specifically targeting enterprises engaged in the cybersecurity sector. Launched on July 7, 2015, CIBR is under the stewardship of First Trust.
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