Northwestern Mutual Wealth Management Co. Has $1.60 Million Stake in Global X Cybersecurity ETF $BUG

Northwestern Mutual Wealth Management Co. decreased its position in shares of Global X Cybersecurity ETF (NASDAQ:BUG) by 56.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,372 shares of the company’s stock after selling 68,000 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Global X Cybersecurity ETF were worth $1,595,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. AE Wealth Management LLC raised its position in shares of Global X Cybersecurity ETF by 553.2% during the third quarter. AE Wealth Management LLC now owns 823 shares of the company’s stock valued at $29,000 after buying an additional 697 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of Global X Cybersecurity ETF by 88.3% in the third quarter. Parallel Advisors LLC now owns 1,000 shares of the company’s stock valued at $35,000 after buying an additional 469 shares during the period. Triumph Capital Management bought a new stake in shares of Global X Cybersecurity ETF in the third quarter valued at about $44,000. Founders Financial Alliance LLC bought a new stake in shares of Global X Cybersecurity ETF in the third quarter valued at about $76,000. Finally, Ulland Investment Advisors LLC bought a new stake in shares of Global X Cybersecurity ETF in the fourth quarter valued at about $97,000.

Global X Cybersecurity ETF Stock Performance

NASDAQ BUG opened at $32.79 on Thursday. The firm has a 50-day simple moving average of $27.75 and a 200 day simple moving average of $28.94. Global X Cybersecurity ETF has a twelve month low of $23.15 and a twelve month high of $37.55. The stock has a market cap of $1.08 billion, a PE ratio of 37.03 and a beta of 0.78.

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.