Global X Cybersecurity ETF (NASDAQ:BUG) Hits New 12-Month High – Still a Buy?

Shares of Global X Cybersecurity ETF (NASDAQ:BUGGet Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as $39.01 and last traded at $38.82, with a volume of 216796 shares changing hands. The stock had previously closed at $38.19.

Global X Cybersecurity ETF Price Performance

The company’s 50-day simple moving average is $32.44 and its two-hundred day simple moving average is $29.46. The firm has a market capitalization of $1.30 billion, a P/E ratio of 37.03 and a beta of 0.89.

Hedge Funds Weigh In On Global X Cybersecurity ETF

Institutional investors have recently bought and sold shares of the stock. Moss Adams Wealth Advisors LLC grew its holdings in Global X Cybersecurity ETF by 4.1% during the fourth quarter. Moss Adams Wealth Advisors LLC now owns 1,586,531 shares of the company’s stock valued at $48,341,000 after purchasing an additional 62,177 shares during the period. Raymond James Financial Inc. increased its holdings in Global X Cybersecurity ETF by 1.5% in the 2nd quarter. Raymond James Financial Inc. now owns 398,117 shares of the company’s stock worth $14,770,000 after acquiring an additional 5,710 shares in the last quarter. Bank of America Corp DE raised its stake in Global X Cybersecurity ETF by 3.4% during the 3rd quarter. Bank of America Corp DE now owns 320,745 shares of the company’s stock worth $11,287,000 after acquiring an additional 10,496 shares during the period. Capital Asset Advisory Services LLC bought a new stake in Global X Cybersecurity ETF during the 1st quarter worth approximately $7,474,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in Global X Cybersecurity ETF by 7.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 262,616 shares of the company’s stock valued at $7,999,000 after purchasing an additional 18,505 shares in the last quarter.

Global X Cybersecurity ETF Company Profile

(Get Free Report)

The Global X Cybersecurity ETF (BUG) is an exchange-traded fund that is based on the Indxx Cybersecurity index, a modified market-cap-weighted global index of companies selected on the basis of revenue related to cybersecurity activities. BUG was launched on Oct 25, 2019 and is managed by Global X.

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