Merit Financial Group LLC Trims Stock Position in Global X Cybersecurity ETF $BUG

Merit Financial Group LLC decreased its position in shares of Global X Cybersecurity ETF (NASDAQ:BUG) by 46.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 101,304 shares of the company’s stock after selling 87,571 shares during the quarter. Merit Financial Group LLC’s holdings in Global X Cybersecurity ETF were worth $3,758,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Principal Securities Inc. grew its stake in Global X Cybersecurity ETF by 49.4% during the 1st quarter. Principal Securities Inc. now owns 907 shares of the company’s stock worth $29,000 after buying an additional 300 shares during the last quarter. Golden State Wealth Management LLC boosted its holdings in shares of Global X Cybersecurity ETF by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 1,000 shares of the company’s stock valued at $32,000 after acquiring an additional 500 shares during the period. Capital Investment Advisory Services LLC purchased a new position in shares of Global X Cybersecurity ETF during the first quarter worth approximately $42,000. GPS Wealth Strategies Group LLC grew its position in shares of Global X Cybersecurity ETF by 38.1% during the first quarter. GPS Wealth Strategies Group LLC now owns 1,473 shares of the company’s stock worth $48,000 after acquiring an additional 406 shares during the last quarter. Finally, AE Wealth Management LLC increased its holdings in shares of Global X Cybersecurity ETF by 1,377.0% in the 1st quarter. AE Wealth Management LLC now owns 1,861 shares of the company’s stock valued at $60,000 after acquiring an additional 1,735 shares during the period.

Global X Cybersecurity ETF Price Performance

Shares of NASDAQ:BUG opened at $35.80 on Tuesday. The stock has a market cap of $1.16 billion, a P/E ratio of 37.03 and a beta of 0.86. The firm has a fifty day moving average price of $34.24 and a 200 day moving average price of $34.43. Global X Cybersecurity ETF has a 1-year low of $29.07 and a 1-year high of $37.55.

About Global X Cybersecurity ETF

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.