Farrow Financial Inc. Has $2.41 Million Position in Global X Cybersecurity ETF (NASDAQ:BUG)

Farrow Financial Inc. reduced its stake in shares of Global X Cybersecurity ETF (NASDAQ:BUG) by 5.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 74,840 shares of the company’s stock after selling 4,284 shares during the quarter. Global X Cybersecurity ETF comprises 1.6% of Farrow Financial Inc.’s portfolio, making the stock its 22nd biggest position. Farrow Financial Inc. owned 0.30% of Global X Cybersecurity ETF worth $2,409,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of BUG. OneDigital Investment Advisors LLC grew its position in shares of Global X Cybersecurity ETF by 5.6% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 19,125 shares of the company’s stock worth $592,000 after buying an additional 1,014 shares during the period. FMR LLC grew its position in shares of Global X Cybersecurity ETF by 213.1% in the 3rd quarter. FMR LLC now owns 1,221 shares of the company’s stock valued at $38,000 after purchasing an additional 831 shares during the period. NCM Capital Management LLC grew its position in shares of Global X Cybersecurity ETF by 1.4% in the 3rd quarter. NCM Capital Management LLC now owns 24,125 shares of the company’s stock valued at $747,000 after purchasing an additional 340 shares during the period. Synovus Financial Corp acquired a new position in shares of Global X Cybersecurity ETF in the 3rd quarter valued at approximately $223,000. Finally, Granite Bay Wealth Management LLC grew its position in shares of Global X Cybersecurity ETF by 0.9% in the 4th quarter. Granite Bay Wealth Management LLC now owns 343,069 shares of the company’s stock valued at $11,009,000 after purchasing an additional 3,070 shares during the period.

Global X Cybersecurity ETF Stock Performance

Shares of BUG opened at $33.38 on Friday. The stock has a 50 day simple moving average of $33.81 and a 200 day simple moving average of $32.49. Global X Cybersecurity ETF has a 52-week low of $26.03 and a 52-week high of $36.81. The firm has a market capitalization of $836.84 million, a PE ratio of 34.24 and a beta of 0.86.

Global X Cybersecurity ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 30th were given a $0.0305 dividend. 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.