Pinnacle Wealth Management Group Inc. Raises Position in Global X Cybersecurity ETF (NASDAQ:BUG)

Pinnacle Wealth Management Group Inc. increased its stake in Global X Cybersecurity ETF (NASDAQ:BUG) by 1.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 81,333 shares of the company’s stock after buying an additional 1,090 shares during the quarter. Global X Cybersecurity ETF comprises 1.6% of Pinnacle Wealth Management Group Inc.’s portfolio, making the stock its 21st largest position. Pinnacle Wealth Management Group Inc. owned about 0.33% of Global X Cybersecurity ETF worth $2,610,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Private Advisor Group LLC grew its stake in Global X Cybersecurity ETF by 45.8% during the 2nd quarter. Private Advisor Group LLC now owns 24,331 shares of the company’s stock worth $720,000 after buying an additional 7,640 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of Global X Cybersecurity ETF during the second quarter valued at approximately $59,000. Intrepid Financial Planning Group LLC boosted its position in shares of Global X Cybersecurity ETF by 3.4% during the second quarter. Intrepid Financial Planning Group LLC now owns 12,448 shares of the company’s stock worth $368,000 after buying an additional 411 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in Global X Cybersecurity ETF by 16.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 84,884 shares of the company’s stock worth $2,511,000 after buying an additional 12,294 shares in the last quarter. Finally, Granite Bay Wealth Management LLC acquired a new stake in Global X Cybersecurity ETF in the 2nd quarter valued at approximately $8,858,000.

Global X Cybersecurity ETF Price Performance

NASDAQ BUG opened at $31.56 on Tuesday. The company’s 50 day simple moving average is $32.99 and its 200 day simple moving average is $31.16. The company has a market capitalization of $786.48 million, a P/E ratio of 29.10 and a beta of 0.86. Global X Cybersecurity ETF has a 12 month low of $26.03 and a 12 month high of $34.92.

Global X Cybersecurity ETF Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, January 7th. Shareholders of record on Monday, December 30th were paid a dividend of $0.0305 per share. The ex-dividend date was Monday, December 30th.

Global X Cybersecurity ETF Company 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.