Global X Cybersecurity ETF (NASDAQ:BUG) Reaches New 12-Month High – Here’s Why

Global X Cybersecurity ETF (NASDAQ:BUG) hit a new 52-week high on Tuesday . The company traded as high as $36.75 and last traded at $36.69, with a volume of 46920 shares changing hands. The stock had previously closed at $36.60.

Global X Cybersecurity ETF Stock Performance

The firm has a market capitalization of $897.26 million, a P/E ratio of 29.10 and a beta of 0.86. The stock has a fifty day moving average price of $33.57 and a two-hundred day moving average price of $32.08.

Global X Cybersecurity ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, January 7th. Stockholders 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 have recently made changes to their positions in the company. Greystone Financial Group LLC grew its stake in Global X Cybersecurity ETF by 14.6% during the 3rd quarter. Greystone Financial Group LLC now owns 13,095 shares of the company’s stock worth $405,000 after buying an additional 1,665 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Global X Cybersecurity ETF by 25.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 202,799 shares of the company’s stock worth $6,220,000 after buying an additional 40,799 shares during the last quarter. Hazlett Burt & Watson Inc. grew its stake in Global X Cybersecurity ETF by 8.3% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 17,653 shares of the company’s stock worth $544,000 after buying an additional 1,354 shares during the last quarter. Advisors Management Group Inc. ADV grew its stake in Global X Cybersecurity ETF by 4.3% during the 3rd quarter. Advisors Management Group Inc. ADV now owns 26,552 shares of the company’s stock worth $822,000 after buying an additional 1,105 shares during the last quarter. Finally, OneDigital Investment Advisors LLC grew its stake in Global X Cybersecurity ETF by 5.6% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 19,125 shares of the company’s stock worth $592,000 after buying an additional 1,014 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.