World Investment Advisors Makes New Investment in Global X Cybersecurity ETF $BUG

World Investment Advisors bought a new position in shares of Global X Cybersecurity ETF (NASDAQ:BUG) during the first quarter, Holdings Channel reports. The fund bought 17,025 shares of the company’s stock, valued at approximately $427,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Royal Bank of Canada raised its stake in shares of Global X Cybersecurity ETF by 14.7% during the first quarter. Royal Bank of Canada now owns 211,842 shares of the company’s stock valued at $6,851,000 after acquiring an additional 27,101 shares during the last quarter. Creative Planning bought a new stake in shares of Global X Cybersecurity ETF in the second quarter worth $231,000. JPMorgan Chase & Co. increased its holdings in Global X Cybersecurity ETF by 36.8% in the second quarter. JPMorgan Chase & Co. now owns 125,424 shares of the company’s stock valued at $4,653,000 after purchasing an additional 33,714 shares during the period. Cresset Asset Management LLC increased its holdings in Global X Cybersecurity ETF by 9.2% in the second quarter. Cresset Asset Management LLC now owns 13,187 shares of the company’s stock valued at $489,000 after purchasing an additional 1,115 shares during the period. Finally, Qube Research & Technologies Ltd bought a new position in Global X Cybersecurity ETF during the 2nd quarter worth $632,000.

Global X Cybersecurity ETF Trading Down 3.6%

NASDAQ:BUG traded down $1.48 during trading hours on Friday, hitting $39.37. 769,688 shares of the company were exchanged, compared to its average volume of 1,087,646. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 37.03 and a beta of 0.88. Global X Cybersecurity ETF has a one year low of $23.15 and a one year high of $41.42. The company has a fifty day simple moving average of $34.53 and a 200 day simple moving average of $29.94.

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.