Global X Cybersecurity ETF (NASDAQ:BUG) Hits New 1-Year High – Time to Buy?

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

Global X Cybersecurity ETF Trading Up 3.2%

The business’s 50 day moving average is $32.44 and its two-hundred day moving average is $29.46. The company has a market cap of $1.30 billion, a PE ratio of 37.03 and a beta of 0.89.

Institutional Investors Weigh In On Global X Cybersecurity ETF

A number of institutional investors and hedge funds have recently bought and sold shares of BUG. Moss Adams Wealth Advisors LLC lifted its position in shares of Global X Cybersecurity ETF by 4.1% in 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 acquiring an additional 62,177 shares in the last quarter. Raymond James Financial Inc. boosted its stake in shares of Global X Cybersecurity ETF by 1.5% in the second 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 during the period. Bank of America Corp DE grew its position in shares of Global X Cybersecurity ETF by 3.4% during the third quarter. Bank of America Corp DE now owns 320,745 shares of the company’s stock worth $11,287,000 after purchasing an additional 10,496 shares in the last quarter. Capital Asset Advisory Services LLC purchased a new stake in shares of Global X Cybersecurity ETF during the first quarter worth about $7,474,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Global X Cybersecurity ETF by 7.6% during the 4th 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 during the period.

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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