Envestnet Asset Management Inc. Cuts Stake in Global X Cybersecurity ETF (NASDAQ:BUG)

Envestnet Asset Management Inc. lessened its stake in shares of Global X Cybersecurity ETF (NASDAQ:BUG) by 12.7% in the 2nd quarter, Holdings Channel reports. The firm owned 121,038 shares of the company’s stock after selling 17,678 shares during the period. Envestnet Asset Management Inc.’s holdings in Global X Cybersecurity ETF were worth $3,580,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geneos Wealth Management Inc. grew 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 buying an additional 362 shares in the last quarter. Greystone Financial Group LLC boosted its position in shares of Global X Cybersecurity ETF by 3.8% during the 2nd quarter. Greystone Financial Group LLC now owns 11,430 shares of the company’s stock valued at $338,000 after acquiring an additional 420 shares during the last quarter. Aptus Capital Advisors LLC grew its holdings in shares of Global X Cybersecurity ETF by 107.4% in the second quarter. Aptus Capital Advisors LLC now owns 1,091 shares of the company’s stock valued at $32,000 after purchasing an additional 565 shares during the period. Advisors Management Group Inc. ADV increased its position in Global X Cybersecurity ETF by 2.5% during the second quarter. Advisors Management Group Inc. ADV now owns 25,447 shares of the company’s stock worth $753,000 after purchasing an additional 620 shares during the last quarter. Finally, Sterling Investment Counsel LLC raised its stake in 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 worth $644,000 after purchasing an additional 650 shares during the period.

Global X Cybersecurity ETF Stock Performance

Shares of Global X Cybersecurity ETF stock opened at $30.29 on Thursday. The stock has a 50 day moving average of $29.88 and a 200 day moving average of $29.29. The firm has a market capitalization of $745.44 million, a price-to-earnings ratio of 29.10 and a beta of 0.86. Global X Cybersecurity ETF has a fifty-two week low of $22.55 and a fifty-two week high of $31.78.

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.