It seems that cybersecurity is on the rise as a hot industry to invest in. SG Americas Securities LLC, according to their most recent filing with the Securities and Exchange Commission, has acquired a new position in First Trust NASDAQ Cybersecurity ETF (NASDAQ: CIBR) during the 4th quarter. The firm made an acquisition of 2,703 shares of the company’s stock, amounting to approximately $105,000. With such a significant buy-in, it begs the question – why invest in this particular fund?
Bloomberg keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients daily. In this capacity, Bloomberg has identified five stocks that have been recommended by top-rated analysts as quiet whispers within investor circles lately. These are stocks that they suggest investors should buy before the broader market catches on to what they believe is potential.
Surprisingly enough though, First Trust NASDAQ Cybersecurity ETF doesn’t feature on this list. Even though CIBR currently holds a “hold” rating among analysts at present, these five other companies are seen as better buys currently.
For some background context, The First Trust NASDAQ Cybersecurity ETF tracks companies primarily engaged in providing security for infrastructure software such as cloud computing services or those building software systems designed to prevent cyber attacks from internet security breaches. This exchange-traded fund (ETF), based on Nasdaq CTA Cybersecurity index was launched on July 7th back in 2015, which certainly gives it some history now.
As the world becomes increasingly digitalized due to various factors like remote work global technological transformation movements and also remote learning due to COVID-19 pandemic situation striking all around cyber threats also become more severe over time therefore making investments in cybersecurity a wise move until now Has proven beneficial for investors seeking secure long-term growth options.
It remains interesting to see how cybersecurity fare against other industries now being touted as better buys by top-rated analysts’s recommendations. Nonetheless, First Trust NASDAQ Cybersecurity ETF may still hold potential that the broader market has yet to catch on to, making it worthy of further examination for investors seeking unique and diverse growth opportunities.
Updated on: 17/05/2023
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Institutional and Hedge Fund Interest Soars in First Trust NASDAQ Cybersecurity ETF
Institutional investors and hedge funds are keeping a close eye on the First Trust NASDAQ Cybersecurity ETF, which has been performing consistently well in recent times. Many major players have bought substantial quantities of shares in this company, with Bank of Montreal Can, Synovus Financial Corp, Cibc World Market Inc., Vontobel Holding Ltd., and Blair William & Co. IL all making considerable investments.
Bank of Montreal Can’s holdings in First Trust NASDAQ Cybersecurity ETF increased by 41.8% during Q1 2021 – the bank now owns almost 21,000 shares worth over $1 million – while Synovus Financial Corp saw an increase of 102.5%, taking their stake to almost 24,000 shares worth around $1.25 million.
Cibc World Market Inc. increased its stake by 8.8%, resulting in ownership of around 41,000 shares valued at $2.17 million, and Vontobel Holding Ltd.’s holdings rose by 18.9% – the company now owns approximately 35,000 shares worth $1.87 million.
Blair William & Co. IL’s stock holdings rocketed by a staggering 74.3% during Q1 2021; they now own over 61,000 shares valued at around $3.24 million – an investment that highlights growing confidence in this particular cybersecurity ETF.
With market capitalization standing at $4.55 billion and a price-to-earnings ratio of 23.41 coupled with a beta of one, this cybersecurity ETF continues to impress investors across the board opting for buy-ins including some top-rated analysts recommending these stocks as ‘better buys.’ The business has experienced notable fluctuations between its low-point ($36.03) and high-point ($46.60) throughout the past year while currently trading around its average range price value; with surging interest from major investors and influential institutions, we are excited to see what the future holds for First Trust NASDAQ Cybersecurity ETF.
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