Global X Cybersecurity ETF (NASDAQ:BUG) Reaches New 1-Year Low – Here’s Why

Global X Cybersecurity ETF (NASDAQ:BUG) reached a new 52-week low during trading on Friday . The company traded as low as $23.94 and last traded at $24.03, with a volume of 513468 shares trading hands. The stock had previously closed at $25.19.

Global X Cybersecurity ETF Price Performance

The company’s 50-day moving average is $26.99 and its 200-day moving average is $30.88. The firm has a market capitalization of $739.78 million, a price-to-earnings ratio of 37.03 and a beta of 0.84.

Global X Cybersecurity ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 30th were paid a $0.0119 dividend. This represents a dividend yield of 8.0%. The ex-dividend date of this dividend was Tuesday, December 30th.

Institutional Trading of Global X Cybersecurity ETF

A number of institutional investors have recently modified their holdings of the company. Rockefeller Capital Management L.P. raised its holdings in Global X Cybersecurity ETF by 344.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 50,764 shares of the company’s stock valued at $1,546,000 after buying an additional 39,332 shares during the period. NCM Capital Management LLC lifted its position in Global X Cybersecurity ETF by 14.5% during the fourth quarter. NCM Capital Management LLC now owns 39,213 shares of the company’s stock valued at $1,194,000 after buying an additional 4,980 shares in the last quarter. NewEdge Advisors LLC grew its stake in Global X Cybersecurity ETF by 13.2% during the fourth quarter. NewEdge Advisors LLC now owns 9,904 shares of the company’s stock worth $302,000 after buying an additional 1,155 shares during the period. Garton & Associates Financial Advisors LLC purchased a new stake in Global X Cybersecurity ETF during the fourth quarter worth approximately $39,000. Finally, IHT Wealth Management LLC increased its position in shares of Global X Cybersecurity ETF by 16.3% in the fourth quarter. IHT Wealth Management LLC now owns 24,258 shares of the company’s stock worth $739,000 after acquiring an additional 3,392 shares in 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.