Mayflower Financial Advisors LLC boosted its position in shares of Global X Defense Tech ETF (NYSEARCA:SHLD – Free Report) by 64.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,093 shares of the company’s stock after purchasing an additional 18,905 shares during the period. Mayflower Financial Advisors LLC’s holdings in Global X Defense Tech ETF were worth $3,407,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Triad Wealth Partners LLC grew its stake in Global X Defense Tech ETF by 112.9% during the 1st quarter. Triad Wealth Partners LLC now owns 214,036 shares of the company’s stock valued at $15,162,000 after purchasing an additional 113,480 shares in the last quarter. EWA LLC raised its position in shares of Global X Defense Tech ETF by 66.8% in the 1st quarter. EWA LLC now owns 129,631 shares of the company’s stock valued at $9,183,000 after purchasing an additional 51,899 shares in the last quarter. Cardinal Strategic Wealth Guidance raised its position in shares of Global X Defense Tech ETF by 17.8% in the 1st quarter. Cardinal Strategic Wealth Guidance now owns 81,519 shares of the company’s stock valued at $5,775,000 after purchasing an additional 12,326 shares in the last quarter. Rockefeller Capital Management L.P. raised its position in shares of Global X Defense Tech ETF by 19.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 77,000 shares of the company’s stock valued at $4,989,000 after purchasing an additional 12,702 shares in the last quarter. Finally, Fortem Financial Group LLC boosted its stake in shares of Global X Defense Tech ETF by 1,664.5% during the 1st quarter. Fortem Financial Group LLC now owns 75,873 shares of the company’s stock valued at $5,375,000 after buying an additional 71,573 shares during the last quarter. Institutional investors and hedge funds own 57.57% of the company’s stock.
Global X Defense Tech ETF Price Performance
SHLD opened at $58.70 on Tuesday. The stock has a market capitalization of $6.96 billion, a PE ratio of -4.85 and a beta of 0.20. The firm’s fifty day moving average price is $64.86 and its 200 day moving average price is $69.95. Global X Defense Tech ETF has a 12-month low of $57.89 and a 12-month high of $78.49.
About Global X Defense Tech ETF
The Global X Defense Tech ETF (SHLD) is an exchange-traded fund that is based on the Global X Defense Tech index. The fund tracks a modified market-cap weighted index of the top 50 pure-play defense technology companies from around the world. These companies are considered best positioned to benefit from increased governmental defense spending. SHLD was launched on Sep 11, 2023 and is issued by Global X.
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