Steward Partners Investment Advisory LLC Reduces Holdings in Global X Cybersecurity ETF

Steward Partners Investment Advisory LLC has reduced its investment in the Global X Cybersecurity ETF (NASDAQ:BUG) by 14.5% during the fourth quarter, as reported by HoldingsChannel. The company now holds 3,683 shares of the ETF’s stock after selling 625 shares over the quarter. As of the latest SEC filing, these holdings are valued at approximately $118,000.

Changes in stakes among other institutional investors and hedge funds have also been noted. For instance, Delta Financial Group Inc. increased its position in the Global X Cybersecurity ETF by 3.8% during the fourth quarter, bringing its total to 8,832 shares valued at $283,000 after acquiring an additional 325 shares. Similarly, NCM Capital Management LLC raised its stake by 1.4% in the third quarter, now owning 24,125 shares worth $747,000 after acquiring 340 additional shares.

Global Retirement Partners LLC significantly boosted its stake by 99.3% in the fourth quarter, now possessing 811 shares valued at $26,000, following the acquisition of an extra 404 shares. Another notable increase came from GPS Wealth Strategies Group LLC, which raised its stake by 255.7% to 1,067 shares, valued at $34,000 after obtaining 767 more shares. Joseph P. Lucia & Associates LLC also expanded its holdings by 4.9%, increasing to 17,013 shares valued at $546,000 after purchasing an additional 793 shares during the fourth quarter.

Global X Cybersecurity ETF Performance

On Monday, shares of the Global X Cybersecurity ETF opened at $32.67. Over the past year, the ETF has recorded a low of $26.03 and a high of $36.81. The ETF exhibits a 50-day moving average of $33.82 and a 200-day moving average of $32.55. It currently carries a market capitalization of $819.04 million, a price-to-earnings (PE) ratio of 34.24, and a beta value of 0.86, suggesting moderate volatility compared to the broader market.

Dividend Information

Recently, the Global X Cybersecurity ETF announced a dividend, which was disbursed on Tuesday, January 7th. Shareholders on record as of Monday, December 30th, received a dividend of $0.0305 per share, with the ex-dividend date also set for December 30th.

About the Global X Cybersecurity ETF

The Global X Cybersecurity ETF (BUG) is an exchange-traded fund designed to track the Indxx Cybersecurity index, which selects companies based on their revenue derived from cybersecurity activities. Launched on October 25, 2019, the fund is managed by Global X.

Further Insights

For those interested in exploring what other hedge funds hold in the Global X Cybersecurity ETF, updated information regarding 13F filings and insider trades can be found through various investment channels.

Steward, Investment, ETF