Ethos Financial Group LLC boosted its position in Global X Defense Tech ETF (NYSEARCA:SHLD – Free Report) by 38.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,839 shares of the company’s stock after acquiring an additional 13,129 shares during the quarter. Ethos Financial Group LLC’s holdings in Global X Defense Tech ETF were worth $3,318,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the company. Seamount Financial Group Inc. lifted its position in shares of Global X Defense Tech ETF by 4.7% during the 1st quarter. Seamount Financial Group Inc. now owns 5,949 shares of the company’s stock worth $421,000 after buying an additional 267 shares during the last quarter. Evolution Wealth Management Inc. grew its position in shares of Global X Defense Tech ETF by 57.0% in the 1st quarter. Evolution Wealth Management Inc. now owns 793 shares of the company’s stock valued at $56,000 after buying an additional 288 shares during the last quarter. Quantum Portfolio Management LLC raised its stake in Global X Defense Tech ETF by 3.2% during the 1st quarter. Quantum Portfolio Management LLC now owns 11,131 shares of the company’s stock worth $789,000 after acquiring an additional 348 shares in the last quarter. American Institute for Advanced Investment Management LLP raised its stake in Global X Defense Tech ETF by 1.5% during the 1st quarter. American Institute for Advanced Investment Management LLP now owns 23,332 shares of the company’s stock worth $1,653,000 after acquiring an additional 350 shares in the last quarter. Finally, Financial Life Planners purchased a new stake in Global X Defense Tech ETF in the first quarter valued at $26,000. Hedge funds and other institutional investors own 57.57% of the company’s stock.
Global X Defense Tech ETF Trading Down 0.4%
Shares of NYSEARCA SHLD opened at $60.22 on Wednesday. Global X Defense Tech ETF has a twelve month low of $57.89 and a twelve month high of $78.49. The stock has a 50 day moving average of $63.32 and a two-hundred day moving average of $69.74. The stock has a market cap of $6.79 billion, a P/E ratio of -4.97 and a beta of 0.29.
Global X Defense Tech ETF 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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