Global X Cybersecurity ETF (NASDAQ:BUG) Sets New 52-Week High – Still a Buy?

Global X Cybersecurity ETF (NASDAQ:BUG)’s stock price reached a new 52-week high on Friday . The stock traded as high as $32.74 and last traded at $32.60, with a volume of 15874 shares trading hands. The stock had previously closed at $32.55.

Global X Cybersecurity ETF Stock Up 0.7 %

The stock has a 50 day moving average price of $30.80 and a 200 day moving average price of $29.72. The stock has a market capitalization of $794.34 million, a price-to-earnings ratio of 29.10 and a beta of 0.86.

Hedge Funds Weigh In On Global X Cybersecurity ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Granite Bay Wealth Management LLC acquired a new position in shares of Global X Cybersecurity ETF in the second quarter worth approximately $410,690,000. Moss Adams Wealth Advisors LLC lifted its stake in shares of Global X Cybersecurity ETF by 2.9% in the third quarter. Moss Adams Wealth Advisors LLC now owns 1,350,101 shares of the company’s stock worth $41,786,000 after acquiring an additional 38,538 shares during the period. Zimmermann Investment Management & Planning LLC lifted its stake in shares of Global X Cybersecurity ETF by 6.1% in the second quarter. Zimmermann Investment Management & Planning LLC now owns 224,239 shares of the company’s stock worth $6,633,000 after acquiring an additional 12,940 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in Global X Cybersecurity ETF by 25.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 202,799 shares of the company’s stock worth $6,220,000 after purchasing an additional 40,799 shares in the last quarter. Finally, Cetera Investment Advisers increased its holdings in Global X Cybersecurity ETF by 6.0% in the second quarter. Cetera Investment Advisers now owns 182,768 shares of the company’s stock worth $5,406,000 after purchasing an additional 10,291 shares in the last quarter.

Global X Cybersecurity ETF Company Profile

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.