Northwestern Mutual Wealth Management Co. Sells 68,000 Shares of Global X Cybersecurity ETF $BUG

Northwestern Mutual Wealth Management Co. cut its holdings in Global X Cybersecurity ETF (NASDAQ:BUG) by 56.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,372 shares of the company’s stock after selling 68,000 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 0.17% of Global X Cybersecurity ETF worth $1,595,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BUG. AE Wealth Management LLC lifted its position in Global X Cybersecurity ETF by 553.2% during the 3rd quarter. AE Wealth Management LLC now owns 823 shares of the company’s stock worth $29,000 after acquiring an additional 697 shares during the last quarter. Parallel Advisors LLC lifted its position in Global X Cybersecurity ETF by 88.3% during the 3rd quarter. Parallel Advisors LLC now owns 1,000 shares of the company’s stock worth $35,000 after acquiring an additional 469 shares during the last quarter. Triumph Capital Management acquired a new position in Global X Cybersecurity ETF during the 3rd quarter worth $44,000. Founders Financial Alliance LLC acquired a new position in Global X Cybersecurity ETF during the 3rd quarter worth $76,000. Finally, Ulland Investment Advisors LLC acquired a new position in Global X Cybersecurity ETF during the 4th quarter worth $97,000.

Global X Cybersecurity ETF Price Performance

Global X Cybersecurity ETF stock opened at $32.79 on Thursday. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 37.03 and a beta of 0.78. Global X Cybersecurity ETF has a fifty-two week low of $23.15 and a fifty-two week high of $37.55. The firm has a fifty day moving average price of $27.75 and a two-hundred day moving average price of $28.94.

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.