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

Global X Cybersecurity ETF (NASDAQ:BUGGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $42.07 and last traded at $41.82, with a volume of 1058772 shares traded. The stock had previously closed at $39.64.

Global X Cybersecurity ETF Stock Performance

The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 37.03 and a beta of 0.88. The company has a fifty day simple moving average of $34.79 and a 200 day simple moving average of $29.98.

Hedge Funds Weigh In On Global X Cybersecurity ETF

Hedge funds have recently made changes to their positions in the stock. Moss Adams Wealth Advisors LLC lifted its stake in shares of Global X Cybersecurity ETF by 4.1% in the fourth quarter. Moss Adams Wealth Advisors LLC now owns 1,586,531 shares of the company’s stock worth $48,341,000 after acquiring an additional 62,177 shares during the period. Raymond James Financial Inc. raised its holdings in Global X Cybersecurity ETF by 1.5% during the 2nd quarter. Raymond James Financial Inc. now owns 398,117 shares of the company’s stock worth $14,770,000 after purchasing an additional 5,710 shares during the last quarter. Bank of America Corp DE raised its holdings in Global X Cybersecurity ETF by 3.4% during the 3rd quarter. Bank of America Corp DE now owns 320,745 shares of the company’s stock worth $11,287,000 after purchasing an additional 10,496 shares during the last quarter. Capital Asset Advisory Services LLC acquired a new position in shares of Global X Cybersecurity ETF in the 1st quarter worth approximately $7,474,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Global X Cybersecurity ETF by 7.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 262,616 shares of the company’s stock valued at $7,999,000 after purchasing an additional 18,505 shares during the last quarter.

About Global X Cybersecurity ETF

(Get Free Report)

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.

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