Castleview Partners LLC has increased its holdings in the First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) by 12.2% during the second quarter of 2023. According to the firm’s recent 13F filing with the Securities & Exchange Commission, Castleview now owns 6,710 shares of the ETF after acquiring an additional 729 shares in that period. As of the latest SEC filing, these assets are valued at approximately $507,000.
Several other institutional investors have also adjusted their positions in the First Trust Nasdaq Cybersecurity ETF. For instance, Northern Trust Corp raised its stake by 13.4% in the fourth quarter of 2022, now holding 5,556 shares worth about $353,000 after purchasing an extra 655 shares. Similarly, Wolverine Trading LLC entered a new position valued at around $202,000 during the same period.
Wealth Enhancement Advisory Services LLC significantly boosted its position by 32.4%, acquiring an additional 38,050 shares to bring its total to 155,495 shares, valued at approximately $9,866,000. Additionally, Triton Wealth Management PLLC increased its holdings by 17.3%, now owning 7,707 shares worth $486,000. Notably, Neville Rodie & Shaw Inc. expanded its stake by a remarkable 86.3% in the first quarter, bringing its total to 49,809 shares, valued at about $3,138,000.
Stock Performance and Market Position
On Thursday, shares of the First Trust Nasdaq Cybersecurity ETF opened at $75.71. The stock has shown considerable resilience, with a 50-day simple moving average of $73.58 and a 200-day moving average of $70.27. Over the past year, the ETF reached a low of $55.02 and a peak of $77.14. The fund currently boasts a market capitalization of $10.30 billion, a price-to-earnings ratio of 30.11, and a beta of 1.00, indicating its performance aligns closely with the broader market.
The First Trust Nasdaq Cybersecurity ETF, launched on July 7, 2015, is designed to track the Nasdaq CTA Cybersecurity Index. This index focuses on companies engaged in the cybersecurity sector, reflecting the growing importance and investment in this field.
Market Insights and Future Prospects
As cybersecurity threats continue to evolve, the demand for robust security solutions is increasing, making funds like the First Trust Nasdaq Cybersecurity ETF appealing to investors. The adjustments made by various institutional investors indicate a positive outlook on the cybersecurity market and a recognition of the ETF’s potential for growth.
For those interested in tracking the latest developments and holdings of the First Trust Nasdaq Cybersecurity ETF, updates can be found on platforms like HoldingsChannel.com, which provides comprehensive insights into 13F filings and insider trades. Investors can also sign up for daily summaries of news and analysts’ ratings related to the ETF through MarketBeat.com’s free newsletter service.
