Joseph Group Capital Management has decreased its stake in the First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) by 9.3% during the first quarter of 2023. The reduction was disclosed in a recent 13F filing with the Securities and Exchange Commission (SEC). Following the sale of 14,890 shares, the firm now holds 144,604 shares, which represents approximately 3.5% of its investment portfolio, making it the firm’s sixth largest position.
As of the latest filing, Joseph Group Capital Management’s holdings in the First Trust Nasdaq Cybersecurity ETF are valued at around $9.1 million, accounting for 0.12% of the ETF’s total shares. This modification reflects a broader trend, as other investors have also adjusted their positions in CIBR recently.
A number of firms have recently initiated new investments in the ETF. For example, Hopwood Financial Services Inc. entered a position valued at approximately $25,000 in the fourth quarter. Additionally, both Crews Bank & Trust and Stonebridge Financial Group LLC made new investments during the first quarter, each valued at around $35,000. Furthermore, Transce3nd LLC acquired a new position worth about $47,000 in the fourth quarter, while Huntington National Bank increased its holdings by 26.8%, owning 785 shares now valued at approximately $50,000 after purchasing an additional 166 shares.
Performance Overview of First Trust Nasdaq Cybersecurity ETF
As of the latest trading session, the First Trust Nasdaq Cybersecurity ETF opened at $73.71. Over the past year, it has experienced a low of $50.52 and a high of $76.36. The ETF’s 50-day moving average stands at $72.42, while its 200-day moving average is $67.70. Currently, the fund has a market capitalization surpassing $9.87 billion, a price-to-earnings ratio of 30.11, and a beta of 1.00, indicating it has exhibited market-level volatility.
About First Trust Nasdaq Cybersecurity ETF
The First Trust Nasdaq Cybersecurity ETF, launched on July 7, 2015, is designed to track the Nasdaq CTA Cybersecurity Index. This fund focuses on companies operating within the cybersecurity sector, providing investors exposure to this rapidly growing industry. As the global demand for cybersecurity solutions continues to rise, the ETF serves as a barometer for the sector’s performance.
For those interested in monitoring the latest movements of hedge funds and institutional investors in the First Trust Nasdaq Cybersecurity ETF, resources like HoldingsChannel.com provide updated 13F filings and insider trades, highlighting the dynamics of investment in this crucial market segment.
