Global X Cybersecurity ETF (NASDAQ:BUG) Reaches New 1-Year High – Time to Buy?

Global X Cybersecurity ETF (NASDAQ:BUG)’s share price hit a new 52-week high on Wednesday . The company traded as high as $35.01 and last traded at $34.98, with a volume of 65989 shares trading hands. The stock had previously closed at $34.71.

Global X Cybersecurity ETF Stock Performance

The stock has a fifty day simple moving average of $33.16 and a two-hundred day simple moving average of $31.58. The stock has a market capitalization of $882.46 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 declared a dividend, which was paid on Tuesday, January 7th. Shareholders of record on Monday, December 30th were issued a $0.0305 dividend. The ex-dividend date of this dividend was Monday, December 30th.

Institutional Trading of Global X Cybersecurity ETF

Several institutional investors have recently made changes to their positions in BUG. Cetera Investment Advisers raised its position in Global X Cybersecurity ETF by 6.0% in the second quarter. Cetera Investment Advisers now owns 182,768 shares of the company’s stock worth $5,406,000 after acquiring an additional 10,291 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its position in shares of Global X Cybersecurity ETF by 7.9% in the third 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 during the period. WealthBridge Investment Counsel Inc. lifted its stake in shares of Global X Cybersecurity ETF by 0.5% during the 3rd quarter. WealthBridge Investment Counsel Inc. now owns 96,400 shares of the company’s stock valued at $2,984,000 after buying an additional 500 shares in the last quarter. Pinnacle Wealth Management Group Inc. boosted its holdings in 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 worth $2,484,000 after buying an additional 2,531 shares during the period. Finally, ERn Financial LLC grew its stake in Global X Cybersecurity ETF by 1.8% in the 3rd quarter. ERn Financial LLC now owns 37,931 shares of the company’s stock valued at $1,174,000 after buying an additional 660 shares in the last quarter.

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.