Moss Adams Wealth Advisors LLC Makes New $72.83 Million Investment in Global X Cybersecurity ETF $BUG

Moss Adams Wealth Advisors LLC acquired a new stake in Global X Cybersecurity ETF (NASDAQ:BUG) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 1,577,034 shares of the company’s stock, valued at approximately $72,827,000. Global X Cybersecurity ETF makes up about 4.7% of Moss Adams Wealth Advisors LLC’s portfolio, making the stock its 6th biggest holding. Moss Adams Wealth Advisors LLC owned 3.54% of Global X Cybersecurity ETF as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ayalon Insurance Comp Ltd. acquired a new stake in shares of Global X Cybersecurity ETF in the 3rd quarter valued at about $29,620,000. Diversify Advisory Services LLC acquired a new position in Global X Cybersecurity ETF during the 3rd quarter worth approximately $22,630,000. Hamilton Capital LLC acquired a new position in Global X Cybersecurity ETF during the 3rd quarter worth approximately $15,406,000. Bank of America Corp DE grew its stake in shares of Global X Cybersecurity ETF by 17.0% during the 1st quarter. Bank of America Corp DE now owns 301,424 shares of the company’s stock worth $7,569,000 after acquiring an additional 43,763 shares in the last quarter. Finally, Insight Wealth Strategies LLC bought a new position in shares of Global X Cybersecurity ETF during the 3rd quarter worth approximately $8,519,000.

Global X Cybersecurity ETF Stock Down 3.2%

Shares of BUG stock opened at $49.37 on Friday. The company’s fifty day simple moving average is $45.43 and its 200-day simple moving average is $35.20. The firm has a market cap of $2.25 billion, a PE ratio of 37.03 and a beta of 0.87. Global X Cybersecurity ETF has a 12 month low of $23.15 and a 12 month high of $52.93.

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.