Global X Cybersecurity ETF (NASDAQ:BUG) Sets New 1-Year High – Still a Buy?

Global X Cybersecurity ETF (NASDAQ:BUG)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $46.04 and last traded at $45.97, with a volume of 1318399 shares changing hands. The stock had previously closed at $44.34.

Global X Cybersecurity ETF Trading Up 0.7%

The business has a 50 day moving average of $41.30 and a 200-day moving average of $34.57. The firm has a market capitalization of $1.92 billion, a P/E ratio of 37.03 and a beta of 0.88.

Institutional Investors Weigh In On Global X Cybersecurity ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in BUG. Bank of America Corp DE grew its holdings in shares of Global X Cybersecurity ETF by 17.0% in the 1st quarter. Bank of America Corp DE now owns 301,424 shares of the company’s stock valued at $7,569,000 after acquiring an additional 43,763 shares in the last quarter. Capital Asset Advisory Services LLC bought a new position in Global X Cybersecurity ETF in the first quarter valued at approximately $7,474,000. Northwestern Mutual Wealth Management Co. grew its stake in Global X Cybersecurity ETF by 40.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 169,529 shares of the company’s stock valued at $5,164,000 after purchasing an additional 49,157 shares in the last quarter. First Interstate Bank acquired a new position in shares of Global X Cybersecurity ETF during the 1st quarter worth approximately $3,838,000. Finally, TigerOak Management L.L.C. raised its stake in shares of Global X Cybersecurity ETF by 1.7% during the 1st quarter. TigerOak Management L.L.C. now owns 98,784 shares of the company’s stock worth $2,480,000 after purchasing an additional 1,612 shares in the last quarter.

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.