Apeiron RIA LLC lifted its stake in shares of Global X Defense Tech ETF (NYSEARCA:SHLD – Free Report) by 55.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 73,119 shares of the company’s stock after purchasing an additional 26,211 shares during the period. Global X Defense Tech ETF makes up about 1.0% of Apeiron RIA LLC’s investment portfolio, making the stock its 28th biggest position. Apeiron RIA LLC owned approximately 0.07% of Global X Defense Tech ETF worth $4,397,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Avidian Wealth Enterprises LLC bought a new position in Global X Defense Tech ETF in the 3rd quarter worth approximately $2,052,000. Retirement Wealth Solutions LLC bought a new position in Global X Defense Tech ETF in the 3rd quarter valued at $114,000. Asempa Wealth Advisors increased its stake in shares of Global X Defense Tech ETF by 88.6% in the 3rd quarter. Asempa Wealth Advisors now owns 7,759 shares of the company’s stock valued at $467,000 after buying an additional 3,645 shares during the period. Private Client Services LLC acquired a new stake in shares of Global X Defense Tech ETF in the 3rd quarter valued at $229,000. Finally, Envestnet Portfolio Solutions Inc. raised its position in shares of Global X Defense Tech ETF by 36.3% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 8,243 shares of the company’s stock worth $492,000 after acquiring an additional 2,196 shares during the last quarter. Institutional investors and hedge funds own 57.57% of the company’s stock.
Global X Defense Tech ETF Trading Up 0.3%
Global X Defense Tech ETF stock traded up $0.16 during mid-day trading on Thursday, hitting $58.90. The stock had a trading volume of 554,557 shares, compared to its average volume of 1,756,583. The stock has a 50-day simple moving average of $64.45 and a two-hundred day simple moving average of $65.40. The stock has a market capitalization of $6.30 billion, a PE ratio of -4.86 and a beta of 0.33. Global X Defense Tech ETF has a 12 month low of $57.89 and a 12 month high of $78.49.
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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