Northwestern Mutual Wealth Management Co. Boosts Stock Holdings in Global X Cybersecurity ETF (NASDAQ:BUG)

Northwestern Mutual Wealth Management Co. boosted its position in Global X Cybersecurity ETF (NASDAQ:BUG) by 16.9% in the second quarter, Holdings Channel.com reports. The firm owned 84,884 shares of the company’s stock after acquiring an additional 12,294 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Global X Cybersecurity ETF were worth $2,511,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in BUG. Biltmore Family Office LLC boosted its position in shares of Global X Cybersecurity ETF by 12.6% during the 4th quarter. Biltmore Family Office LLC now owns 124,573 shares of the company’s stock worth $3,655,000 after purchasing an additional 13,975 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in Global X Cybersecurity ETF during the first quarter worth about $57,000. Private Advisor Group LLC grew its position in Global X Cybersecurity ETF by 6.4% during the first quarter. Private Advisor Group LLC now owns 16,691 shares of the company’s stock worth $497,000 after buying an additional 1,005 shares during the period. International Assets Investment Management LLC purchased a new position in Global X Cybersecurity ETF in the second quarter valued at about $66,000. Finally, Geneos Wealth Management Inc. lifted its position in shares of Global X Cybersecurity ETF by 17.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,429 shares of the company’s stock valued at $72,000 after acquiring an additional 362 shares during the period.

Global X Cybersecurity ETF Price Performance

Shares of NASDAQ:BUG opened at $30.60 on Friday. The firm has a market capitalization of $753.07 million, a price-to-earnings ratio of 29.10 and a beta of 0.86. The business’s 50 day simple moving average is $29.93 and its 200-day simple moving average is $29.30. Global X Cybersecurity ETF has a 12 month low of $22.55 and a 12 month high of $31.78.

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.