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

Global X Cybersecurity ETF (NASDAQ:BUG) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $35.01 and last traded at $34.98, with a volume of 65989 shares trading hands. The stock had previously closed at $34.71.

Global X Cybersecurity ETF Trading Up 1.4 %

The company has a market cap of $882.46 million, a price-to-earnings ratio of 29.10 and a beta of 0.86. The stock’s fifty day simple moving average is $33.16 and its 200 day simple moving average is $31.58.

Global X Cybersecurity ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 30th were issued a $0.0305 dividend. The ex-dividend date was Monday, December 30th.

Institutional Investors Weigh In On Global X Cybersecurity ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Delta Financial Group Inc. boosted its holdings in Global X Cybersecurity ETF by 3.8% in the fourth quarter. Delta Financial Group Inc. now owns 8,832 shares of the company’s stock worth $283,000 after purchasing an additional 325 shares during the period. NCM Capital Management LLC raised its position in Global X Cybersecurity ETF by 1.4% in the third quarter. NCM Capital Management LLC now owns 24,125 shares of the company’s stock worth $747,000 after acquiring an additional 340 shares in the last quarter. Global Retirement Partners LLC increased its stake in Global X Cybersecurity ETF by 99.3% in the 4th quarter. Global Retirement Partners LLC now owns 811 shares of the company’s stock worth $26,000 after purchasing an additional 404 shares in the last quarter. WealthBridge Investment Counsel Inc. grew its stake in Global X Cybersecurity ETF by 0.5% during the 3rd quarter. WealthBridge Investment Counsel Inc. now owns 96,400 shares of the company’s stock valued at $2,984,000 after acquiring an additional 500 shares in the last quarter. Finally, ERn Financial LLC increased its holdings in Global X Cybersecurity ETF by 1.8% in the third quarter. ERn Financial LLC now owns 37,931 shares of the company’s stock worth $1,174,000 after buying an additional 660 shares during 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.