Cambridge Investment Research Advisors Inc. Trims Stock Holdings in Global X Cybersecurity ETF (NASDAQ:BUG)

Cambridge Investment Research Advisors Inc. lowered its stake in shares of Global X Cybersecurity ETF (NASDAQ:BUG) by 49.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 96,673 shares of the company’s stock after selling 95,989 shares during the period. Cambridge Investment Research Advisors Inc. owned 0.36% of Global X Cybersecurity ETF worth $2,860,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BUG. Geneos Wealth Management Inc. lifted its holdings in Global X Cybersecurity ETF by 17.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,429 shares of the company’s stock valued at $72,000 after purchasing an additional 362 shares in the last quarter. CWM LLC lifted its stake in shares of Global X Cybersecurity ETF by 19.2% during the fourth quarter. CWM LLC now owns 2,486 shares of the company’s stock valued at $73,000 after buying an additional 400 shares during the period. Sterling Investment Counsel LLC lifted its stake in shares of Global X Cybersecurity ETF by 3.1% during the second quarter. Sterling Investment Counsel LLC now owns 21,788 shares of the company’s stock valued at $644,000 after buying an additional 650 shares during the period. NCM Capital Management LLC boosted its position in Global X Cybersecurity ETF by 3.1% during the fourth quarter. NCM Capital Management LLC now owns 22,633 shares of the company’s stock worth $663,000 after acquiring an additional 675 shares during the last quarter. Finally, Pinnacle Wealth Management Group Inc. grew its stake in Global X Cybersecurity ETF by 1.2% in the 1st quarter. Pinnacle Wealth Management Group Inc. now owns 69,635 shares of the company’s stock worth $2,072,000 after acquiring an additional 823 shares during the period.

Global X Cybersecurity ETF Price Performance

Shares of Global X Cybersecurity ETF stock opened at $30.87 on Friday. Global X Cybersecurity ETF has a fifty-two week low of $22.55 and a fifty-two week high of $31.78. The business’s fifty day moving average is $29.56 and its two-hundred day moving average is $29.33. The firm has a market cap of $825.46 million, a PE ratio of 29.10 and a beta of 0.86.

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.