Global X Cybersecurity ETF (NASDAQ:BUG) Reaches New 52-Week High – Time to Buy?

Shares of Global X Cybersecurity ETF (NASDAQ:BUG) hit a new 52-week high during trading on Monday . The stock traded as high as $46.04 and last traded at $45.97, with a volume of 1318399 shares traded. The stock had previously closed at $44.34.

Global X Cybersecurity ETF Stock Performance

The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 37.03 and a beta of 0.88. The business has a 50 day simple moving average of $41.09 and a 200-day simple moving average of $34.28.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Capital Asset Advisory Services LLC purchased a new stake in Global X Cybersecurity ETF during the first quarter valued at about $7,474,000. First Interstate Bank purchased a new position in shares of Global X Cybersecurity ETF in the 1st quarter worth about $3,838,000. IMC Chicago LLC purchased a new position in shares of Global X Cybersecurity ETF in the 1st quarter worth about $1,891,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Global X Cybersecurity ETF by 40.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 169,529 shares of the company’s stock valued at $5,164,000 after purchasing an additional 49,157 shares during the last quarter. Finally, Bank of America Corp DE increased its position in shares of Global X Cybersecurity ETF by 17.0% during the 1st quarter. Bank of America Corp DE now owns 301,424 shares of the company’s stock valued at $7,569,000 after purchasing an additional 43,763 shares during the last quarter.

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.