Northwestern Mutual Wealth Management Co. Increases Stake in Global X Cybersecurity ETF $BUG

Northwestern Mutual Wealth Management Co. increased its position in Global X Cybersecurity ETF (NASDAQ:BUG) by 40.8% in the 4th quarter, HoldingsChannel reports. The fund owned 169,529 shares of the company’s stock after purchasing an additional 49,157 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Global X Cybersecurity ETF were worth $5,164,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. AE Wealth Management LLC boosted its stake in Global X Cybersecurity ETF by 553.2% in the 3rd quarter. AE Wealth Management LLC now owns 823 shares of the company’s stock worth $29,000 after purchasing an additional 697 shares during the period. Parallel Advisors LLC boosted its stake in Global X Cybersecurity ETF by 88.3% in the 3rd quarter. Parallel Advisors LLC now owns 1,000 shares of the company’s stock worth $35,000 after purchasing an additional 469 shares during the period. Triumph Capital Management bought a new position in Global X Cybersecurity ETF in the 3rd quarter worth about $44,000. Founders Financial Alliance LLC bought a new position in Global X Cybersecurity ETF in the 3rd quarter worth about $76,000. Finally, EverSource Wealth Advisors LLC boosted its stake in Global X Cybersecurity ETF by 5,472.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,396 shares of the company’s stock worth $73,000 after purchasing an additional 2,353 shares during the period.

Global X Cybersecurity ETF Stock Down 4.0%

Shares of NASDAQ BUG opened at $36.77 on Thursday. Global X Cybersecurity ETF has a 52 week low of $23.15 and a 52 week high of $38.74. The business has a 50-day simple moving average of $28.81 and a two-hundred day simple moving average of $29.06. The company has a market cap of $1.21 billion, a P/E 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.