Farrow Financial Inc. Trims Stake in Global X Cybersecurity ETF (NASDAQ:BUG)

Farrow Financial Inc. lessened its holdings in shares of Global X Cybersecurity ETF (NASDAQ:BUG) by 3.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,124 shares of the company’s stock after selling 3,193 shares during the period. Global X Cybersecurity ETF comprises approximately 1.5% of Farrow Financial Inc.’s investment portfolio, making the stock its 22nd biggest position. Farrow Financial Inc. owned 0.32% of Global X Cybersecurity ETF worth $2,449,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of BUG. BNP Paribas bought a new stake in Global X Cybersecurity ETF during the 1st quarter valued at about $25,000. Aptus Capital Advisors LLC boosted its holdings in shares of Global X Cybersecurity ETF by 107.4% in the second quarter. Aptus Capital Advisors LLC now owns 1,091 shares of the company’s stock valued at $32,000 after purchasing an additional 565 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in Global X Cybersecurity ETF in the second quarter worth approximately $59,000. International Assets Investment Management LLC purchased a new position in Global X Cybersecurity ETF during the 2nd quarter worth $66,000. Finally, Geneos Wealth Management Inc. raised its position in Global X Cybersecurity ETF by 17.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,429 shares of the company’s stock valued at $72,000 after purchasing an additional 362 shares in the last quarter.

Global X Cybersecurity ETF Price Performance

Shares of BUG stock traded up $0.07 during mid-day trading on Friday, hitting $31.10. The stock had a trading volume of 50,660 shares, compared to its average volume of 186,785. Global X Cybersecurity ETF has a 12-month low of $22.55 and a 12-month high of $32.65. The firm’s 50-day moving average is $30.72 and its two-hundred day moving average is $29.50. The firm has a market capitalization of $758.53 million, a P/E ratio of 29.10 and a beta of 0.86.

Global X Cybersecurity ETF 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.