Prosperity Wealth Management Inc. Reduces Stock Position in Global X Cybersecurity ETF (NASDAQ:BUG)

Prosperity Wealth Management Inc. trimmed its stake in shares of Global X Cybersecurity ETF (NASDAQ:BUG) by 4.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 27,964 shares of the company’s stock after selling 1,431 shares during the quarter. Global X Cybersecurity ETF accounts for about 0.5% of Prosperity Wealth Management Inc.’s holdings, making the stock its 29th largest position. Prosperity Wealth Management Inc.’s holdings in Global X Cybersecurity ETF were worth $820,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. Brendel Financial Advisors LLC raised its position in shares of Global X Cybersecurity ETF by 1.8% in the third quarter. Brendel Financial Advisors LLC now owns 28,666 shares of the company’s stock worth $696,000 after buying an additional 507 shares in the last quarter. Pinnacle Wealth Management Group Inc. grew its holdings in shares of Global X Cybersecurity ETF by 0.8% during the fourth quarter. Pinnacle Wealth Management Group Inc. now owns 68,812 shares of the company’s stock worth $2,017,000 after purchasing an additional 518 shares in the last quarter. NCM Capital Management LLC increased its position in shares of Global X Cybersecurity ETF by 2.9% in the third quarter. NCM Capital Management LLC now owns 21,958 shares of the company’s stock worth $533,000 after purchasing an additional 625 shares during the last quarter. Centaurus Financial Inc. increased its position in shares of Global X Cybersecurity ETF by 15.0% in the first quarter. Centaurus Financial Inc. now owns 5,699 shares of the company’s stock worth $179,000 after purchasing an additional 745 shares during the last quarter. Finally, HighTower Advisors LLC raised its stake in Global X Cybersecurity ETF by 1.7% in the first quarter. HighTower Advisors LLC now owns 45,780 shares of the company’s stock valued at $1,073,000 after purchasing an additional 771 shares in the last quarter.

Global X Cybersecurity ETF Price Performance

BUG stock traded down $0.19 during midday trading on Wednesday, reaching $27.56. The company had a trading volume of 114,210 shares, compared to its average volume of 226,281. The firm has a 50-day moving average price of $29.98 and a 200-day moving average price of $28.02. The company has a market capitalization of $719.87 million, a P/E ratio of 57.15 and a beta of 0.86. Global X Cybersecurity ETF has a 1 year low of $20.79 and a 1 year high of $31.78.

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.