Cybersecurity’s Newest Stock
The First Trust Nasdaq Cybersecurity ETF (exchange-traded fund) opened under the ticket CIBR. Securities must be classified as Cybersecurity company to be included.
An ETF tracks a set of equities and trades like a normal stock. Investors can choose an ETF so that investments are not put into an individual company.
Most CIBR are small to mid caps, but also includes larger firms like Cisco in it’s roughly 30 names. Seventy-five percent of the funds are allocated to the U.S.
The fund has about $600 in assets and has increased by about 30 percent since it’s start in September 2015.