American Financial Advisors LLC, a prominent investment firm, has made a strategic move by reducing their stake in the First Trust Nasdaq Cybersecurity ETF (CIBR) during the first quarter. According to their recent 13F filing with the Securities and Exchange Commission (SEC), the company decreased its position in CIBR by 1.4%. This move reflects American Financial Advisors LLC’s pursuit of diversifying its portfolio and optimizing returns.
The reduction in CIBR shares resulted in American Financial Advisors LLC owning 261,743 shares of the company’s stock, down from their previous holding of 265,575 shares. This translates to a decrease of 3,832 shares during the quarter. Despite this decrease, First Trust Nasdaq Cybersecurity ETF still holds a significant portion of American Financial Advisors LLC’s portfolio at approximately 1.8%. Remarkably, it ranks as the 20th largest position within their diverse investment profile.
At the end of last quarter, American Financial Advisors LLC held CIBR shares worth an estimated $11,190,000. By decreasing their stake, they showcased a keen interest in managing their investments effectively and adapting to market dynamics. Such astute decision-making has allowed them to stay ahead of competitors and maximize potential gains for their clients.
To gauge market sentiments and understand the investment landscape more comprehensively, interested readers can access further information regarding other hedge funds’ ownership of CIBR through HoldingsChannel.com. By obtaining timely updates through such platforms, investors gain valuable insights into market trends and positioning strategies adopted by industry players.
On another note, First Trust Nasdaq Cybersecurity ETF recently announced its upcoming quarterly dividend payment scheduled for Friday, June 30th. Shareholders who are recorded as owners on Wednesday, June 28th will receive a dividend payout amounting to $0.053 per share they own. This translates to an annualized dividend totaling $0.21 with a dividend yield of 0.47%. Investors should be aware that the ex-dividend date for this dividend is set on Tuesday, June 27th.
As the investment world continues to evolve and adapt to new challenges, American Financial Advisors LLC’s decision to lessen its position in First Trust Nasdaq Cybersecurity ETF stands as a testament to their dedication towards actively managing risk and maximizing value for their clients. By remaining diligent and vigilant, they are poised to unlock tremendous potential in the ever-changing world of investments.
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Growing Investor Interest in First Trust Nasdaq Cybersecurity ETF Reflects Confidence in Sector’s Potential
Investors Continue to Show Interest in First Trust Nasdaq Cybersecurity ETF
The First Trust NASDAQ Cybersecurity ETF (CIBR) has been attracting the attention of several large investors recently. These investors have been modifying their holdings in the business, indicating a growing interest in the cybersecurity industry.
One notable investor, Arkadios Wealth Advisors, has raised its holdings in shares of First Trust Nasdaq Cybersecurity ETF by 10.6% in the fourth quarter. With this increase, Arkadios Wealth Advisors now owns 43,380 shares of the company’s stock, valued at $1,679,000. This significant investment reflects Arkadios Wealth Advisors’ confidence in the future growth and potential of the cybersecurity sector.
Another investor, Mirador Capital Partners LP, also increased its stake in shares of First Trust Nasdaq Cybersecurity ETF by 2.0% during the same period. Mirador Capital Partners LP now owns 13,236 shares of the company’s stock worth $512,000. This suggests that Mirador Capital Partners LP sees value and opportunity in investing in companies engaged in cybersecurity.
Miracle Mile Advisors LLC joined the investor frenzy by purchasing a new stake in shares of First Trust Nasdaq Cybersecurity ETF during the fourth quarter. The investment was valued at approximately $7,027,000 and indicates Miracle Mile Advisors’ optimism about the prospects of this industry.
HB Wealth Management LLC is yet another investor that recognized the potential benefits of investing in First Trust Nasdaq Cybersecurity ETF. In the first quarter alone, they acquired a new stake valued at $697,000. This demonstrates HB Wealth Management LLC’s belief that cybersecurity is an industry poised for significant growth and profitability.
Lastly, Financial Management Professionals Inc. increased their stake by 69.9% during the first quarter. They now own 729 shares worth $31,000. This substantial increase signals Financial Management Professionals Inc.’s confidence in the performance of First Trust Nasdaq Cybersecurity ETF and its potential for future gains.
The recent investments made by these prominent investors reflect a growing interest in the cybersecurity industry, as evidenced by their increased holdings in First Trust Nasdaq Cybersecurity ETF. This exchange-traded fund is designed to track the performance of the Nasdaq CTA Cybersecurity index, making it an attractive option for those looking to capitalize on the growth of this sector.
Despite volatility in the market, the stock price for First Trust Nasdaq Cybersecurity ETF has been relatively stable. It opened at $44.75 on Thursday and currently sits at a fifty-day moving average of $42.72 and a two-hundred-day moving average of $41.69. The company boasts a market cap of $5.01 billion, with a PE ratio of 23.41 and a beta of 1.00.
Managed by First Trust, the First Trust NASDAQ Cybersecurity ETF (CIBR) was launched on July 7, 2015. As an exchange-traded fund that focuses on companies engaged in the cybersecurity industry, CIBR provides investors with an opportunity to participate in this rapidly evolving sector.
Overall, the increasing interest from these large investors bodes well for both First Trust Nasdaq Cybersecurity ETF and the cybersecurity industry as a whole. With continued advancements in technology and an ever-increasing threat landscape, investing in cybersecurity is proving to be an astute move for those seeking long-term growth and stability in their portfolios.
