Merit Financial Group LLC Purchases New Position in Global X Cybersecurity ETF (NASDAQ:BUG)

Merit Financial Group LLC purchased a new stake in Global X Cybersecurity ETF (NASDAQ:BUG) during the 4th quarter, Holdings Channel.com reports. The fund purchased 159,890 shares of the company’s stock, valued at approximately $5,131,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in shares of Global X Cybersecurity ETF by 213.1% in the 3rd quarter. FMR LLC now owns 1,221 shares of the company’s stock valued at $38,000 after purchasing an additional 831 shares during the last quarter. PVG Asset Management Corp purchased a new stake in Global X Cybersecurity ETF in the second quarter valued at approximately $329,000. Granite Bay Wealth Management LLC acquired a new stake in shares of Global X Cybersecurity ETF in the second quarter valued at approximately $8,858,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its position in shares of Global X Cybersecurity ETF by 7.9% during the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 9,730 shares of the company’s stock worth $301,000 after acquiring an additional 709 shares during the last quarter. Finally, Pinnacle Wealth Management Group Inc. increased its holdings in shares of Global X Cybersecurity ETF by 3.3% in the 3rd quarter. Pinnacle Wealth Management Group Inc. now owns 80,243 shares of the company’s stock valued at $2,484,000 after acquiring an additional 2,531 shares during the period.

Global X Cybersecurity ETF Price Performance

BUG stock opened at $32.49 on Friday. Global X Cybersecurity ETF has a 12 month low of $26.03 and a 12 month high of $34.92. The company has a market cap of $801.85 million, a price-to-earnings ratio of 29.10 and a beta of 0.86. The company has a fifty day moving average price of $33.01 and a 200 day moving average price of $31.22.

Global X Cybersecurity ETF Dividend Announcement

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

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.