Steelhead Wealth Management LLC acquired a new position in Global X Defense Tech ETF (NYSEARCA:SHLD – Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 42,006 shares of the company’s stock, valued at approximately $2,975,000. Global X Defense Tech ETF makes up about 1.5% of Steelhead Wealth Management LLC’s investment portfolio, making the stock its 15th biggest position.
Other large investors have also added to or reduced their stakes in the company. Contango Wealth Management LLC bought a new position in Global X Defense Tech ETF in the first quarter valued at $823,000. Town Capital LLC lifted its position in Global X Defense Tech ETF by 43.0% during the 1st quarter. Town Capital LLC now owns 42,904 shares of the company’s stock worth $3,039,000 after buying an additional 12,902 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of Global X Defense Tech ETF by 19.1% during the 1st quarter. Parallel Advisors LLC now owns 7,470 shares of the company’s stock worth $529,000 after buying an additional 1,196 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of Global X Defense Tech ETF by 28.3% during the 1st quarter. NewEdge Advisors LLC now owns 482,011 shares of the company’s stock worth $34,146,000 after buying an additional 106,227 shares during the last quarter. Finally, Foguth Wealth Management LLC. grew its holdings in shares of Global X Defense Tech ETF by 9.7% in the 1st quarter. Foguth Wealth Management LLC. now owns 81,761 shares of the company’s stock valued at $5,521,000 after acquiring an additional 7,211 shares in the last quarter. Institutional investors and hedge funds own 57.57% of the company’s stock.
Global X Defense Tech ETF Stock Performance
NYSEARCA:SHLD opened at $63.25 on Monday. Global X Defense Tech ETF has a 52-week low of $57.89 and a 52-week high of $78.49. The company has a market cap of $7.05 billion, a P/E ratio of -5.22 and a beta of 0.29. The stock’s 50-day simple moving average is $62.56 and its 200 day simple moving average is $69.08.
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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