Merit Financial Group LLC Invests $5.13 Million in Global X Cybersecurity ETF (NASDAQ:BUG)

Merit Financial Group LLC acquired a new stake in Global X Cybersecurity ETF (NASDAQ:BUG) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 159,890 shares of the company’s stock, valued at approximately $5,131,000. Merit Financial Group LLC owned 0.64% of Global X Cybersecurity ETF at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of BUG. NCM Capital Management LLC boosted its position in Global X Cybersecurity ETF by 1.4% in the 3rd quarter. NCM Capital Management LLC now owns 24,125 shares of the company’s stock valued at $747,000 after buying an additional 340 shares during the period. WealthBridge Investment Counsel Inc. boosted its holdings in Global X Cybersecurity ETF by 0.5% in the third quarter. WealthBridge Investment Counsel Inc. now owns 96,400 shares of the company’s stock valued at $2,984,000 after purchasing an additional 500 shares during the period. ERn Financial LLC increased its holdings in Global X Cybersecurity ETF by 1.8% during the 3rd quarter. ERn Financial LLC now owns 37,931 shares of the company’s stock worth $1,174,000 after purchasing an additional 660 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its position in Global X Cybersecurity ETF by 7.9% in the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 9,730 shares of the company’s stock valued at $301,000 after purchasing an additional 709 shares in the last quarter. Finally, FMR LLC boosted its stake 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 buying an additional 831 shares during the period.

Global X Cybersecurity ETF Stock Performance

Shares of Global X Cybersecurity ETF stock opened at $32.49 on Friday. The business has a 50-day simple moving average of $33.01 and a 200-day simple moving average of $31.22. The company has a market cap of $801.85 million, a PE ratio of 29.10 and a beta of 0.86. Global X Cybersecurity ETF has a one year low of $26.03 and a one year high of $34.92.

Global X Cybersecurity ETF Announces Dividend

The company also recently disclosed 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.

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.