Mcmorgan & Co. LLC cut its stake in Global X Defense Tech ETF (NYSEARCA:SHLD – Free Report) by 17.4% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 59,310 shares of the company’s stock after selling 12,500 shares during the period. Global X Defense Tech ETF accounts for 0.7% of Mcmorgan & Co. LLC’s holdings, making the stock its 20th biggest holding. Mcmorgan & Co. LLC’s holdings in Global X Defense Tech ETF were worth $4,202,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. boosted its holdings in shares of Global X Defense Tech ETF by 19.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 77,000 shares of the company’s stock valued at $4,989,000 after acquiring an additional 12,702 shares during the period. Nations Financial Group Inc. IA ADV increased its holdings in shares of Global X Defense Tech ETF by 14.4% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 10,144 shares of the company’s stock worth $719,000 after acquiring an additional 1,280 shares during the period. Fortem Financial Group LLC increased its holdings in shares of Global X Defense Tech ETF by 1,664.5% in the 1st quarter. Fortem Financial Group LLC now owns 75,873 shares of the company’s stock worth $5,375,000 after acquiring an additional 71,573 shares during the period. Triad Wealth Partners LLC lifted its position in Global X Defense Tech ETF by 112.9% in 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 during the last quarter. Finally, Terra Nova Asset Management LLC lifted its position in Global X Defense Tech ETF by 3.3% in the 1st quarter. Terra Nova Asset Management LLC now owns 24,589 shares of the company’s stock valued at $1,742,000 after purchasing an additional 783 shares during the last quarter. 57.57% of the stock is currently owned by institutional investors.
Global X Defense Tech ETF Stock Up 0.1%
Global X Defense Tech ETF stock opened at $60.26 on Thursday. Global X Defense Tech ETF has a 52-week low of $57.89 and a 52-week high of $78.49. The firm has a market capitalization of $6.80 billion, a price-to-earnings ratio of -4.98 and a beta of 0.29. The firm has a 50-day moving average price of $63.16 and a two-hundred day moving average price of $69.69.
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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