Physician Wealth Advisors Inc. boosted its holdings in Global X Defense Tech ETF (NYSEARCA:SHLD – Free Report) by 49.5% during the first quarter, Holdings Channel reports. The institutional investor owned 124,454 shares of the company’s stock after buying an additional 41,210 shares during the period. Global X Defense Tech ETF makes up 1.2% of Physician Wealth Advisors Inc.’s portfolio, making the stock its 23rd biggest holding. Physician Wealth Advisors Inc.’s holdings in Global X Defense Tech ETF were worth $8,816,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Chatterton & Associates Inc. increased its stake in shares of Global X Defense Tech ETF by 121.0% during the 1st quarter. Chatterton & Associates Inc. now owns 20,999 shares of the company’s stock valued at $1,559,000 after acquiring an additional 11,499 shares during the last quarter. Tepp RIA LLC acquired a new stake in shares of Global X Defense Tech ETF in the first quarter worth approximately $2,614,000. Rockefeller Capital Management L.P. boosted its position in shares of Global X Defense Tech ETF by 19.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 77,000 shares of the company’s stock worth $4,989,000 after acquiring an additional 12,702 shares during the last quarter. Brookstone Capital Management boosted its position in shares of Global X Defense Tech ETF by 176.4% in the first quarter. Brookstone Capital Management now owns 14,486 shares of the company’s stock worth $1,026,000 after acquiring an additional 9,245 shares during the last quarter. Finally, EWA LLC grew its holdings in Global X Defense Tech ETF by 66.8% in the first 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 during the period. Hedge funds and other institutional investors own 57.57% of the company’s stock.
Global X Defense Tech ETF Stock Performance
Shares of SHLD stock opened at $61.20 on Thursday. Global X Defense Tech ETF has a one year low of $57.89 and a one year high of $78.49. The company has a 50 day moving average price of $64.35 and a 200 day moving average price of $69.89. The firm has a market capitalization of $7.06 billion, a price-to-earnings ratio of -5.05 and a beta of 0.29.
Global X Defense Tech ETF Company Profile
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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