Global X Cybersecurity ETF (NASDAQ:BUG) Hits New 12-Month High – Time to Buy?

Global X Cybersecurity ETF (NASDAQ:BUG)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company 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 Trading Up 1.4 %

The firm’s fifty day moving average price is $33.25 and its 200 day moving average price is $31.71. The stock has a market capitalization of $888.23 million, a price-to-earnings ratio of 29.10 and a beta of 0.86.

Global X Cybersecurity ETF Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, January 7th. Shareholders of record on Monday, December 30th were given a $0.0305 dividend. The ex-dividend date of this dividend was Monday, December 30th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in shares of Global X Cybersecurity ETF in the 4th quarter valued at $11,115,000. Merit Financial Group LLC acquired a new position in Global X Cybersecurity ETF in the 4th quarter valued at about $5,131,000. Mirae Asset Global Investments Co. Ltd. increased its stake in Global X Cybersecurity ETF by 61.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 326,606 shares of the company’s stock worth $10,550,000 after purchasing an additional 123,807 shares during the period. TigerOak Management L.L.C. acquired a new stake in shares of Global X Cybersecurity ETF during the fourth quarter worth about $3,113,000. Finally, Moss Adams Wealth Advisors LLC boosted its stake in shares of Global X Cybersecurity ETF by 2.9% in the third quarter. Moss Adams Wealth Advisors LLC now owns 1,350,101 shares of the company’s stock valued at $41,786,000 after purchasing an additional 38,538 shares during the period.

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.