Global X Cybersecurity ETF (NASDAQ:BUG) Sets New 1-Year High – Still a Buy?

Shares of Global X Cybersecurity ETF (NASDAQ:BUG) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $35.48 and last traded at $35.43, with a volume of 325760 shares trading hands. The stock had previously closed at $34.94.

Global X Cybersecurity ETF Price Performance

The company has a market cap of $886.22 million, a price-to-earnings ratio of 29.10 and a beta of 0.86. The business’s fifty day moving average price is $33.31 and its 200 day moving average price is $31.79.

Global X Cybersecurity ETF Dividend Announcement

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

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. Global Retirement Partners LLC increased its position in Global X Cybersecurity ETF by 99.3% during the 4th quarter. Global Retirement Partners LLC now owns 811 shares of the company’s stock valued at $26,000 after purchasing an additional 404 shares during the period. GPS Wealth Strategies Group LLC increased its position in shares of Global X Cybersecurity ETF by 255.7% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 1,067 shares of the company’s stock worth $34,000 after buying an additional 767 shares during the period. FMR LLC raised its stake in Global X Cybersecurity ETF by 213.1% during the third quarter. FMR LLC now owns 1,221 shares of the company’s stock worth $38,000 after buying an additional 831 shares during the last quarter. Allworth Financial LP bought a new position in Global X Cybersecurity ETF during the fourth quarter worth $171,000. Finally, Atria Wealth Solutions Inc. acquired a new position in Global X Cybersecurity ETF in the fourth quarter valued at $203,000.

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.