Kestra Advisory Services LLC Reduces Stock Holdings in Global X Cybersecurity ETF $BUG

Kestra Advisory Services LLC lowered its position in Global X Cybersecurity ETF (NASDAQ:BUG) by 15.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 179,242 shares of the company’s stock after selling 33,783 shares during the quarter. Kestra Advisory Services LLC’s holdings in Global X Cybersecurity ETF were worth $4,501,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Royal Bank of Canada lifted its holdings in Global X Cybersecurity ETF by 14.7% during the 1st quarter. Royal Bank of Canada now owns 211,842 shares of the company’s stock valued at $6,851,000 after buying an additional 27,101 shares in the last quarter. Creative Planning purchased a new stake in shares of Global X Cybersecurity ETF during the 2nd quarter valued at $231,000. JPMorgan Chase & Co. raised its position in shares of Global X Cybersecurity ETF by 36.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 125,424 shares of the company’s stock valued at $4,653,000 after purchasing an additional 33,714 shares during the last quarter. Cresset Asset Management LLC lifted its position in Global X Cybersecurity ETF by 9.2% during the 2nd quarter. Cresset Asset Management LLC now owns 13,187 shares of the company’s stock worth $489,000 after acquiring an additional 1,115 shares during the period. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Global X Cybersecurity ETF during the second quarter worth about $632,000.

Global X Cybersecurity ETF Stock Performance

NASDAQ:BUG opened at $40.72 on Friday. The firm’s fifty day moving average is $35.56 and its two-hundred day moving average is $30.20. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 37.03 and a beta of 0.88. Global X Cybersecurity ETF has a one year low of $23.15 and a one year high of $42.71.

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.