Valley Wealth Managers Inc. grew its position in Global X Defense Tech ETF (NYSEARCA:SHLD – Free Report) by 6.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 259,995 shares of the company’s stock after buying an additional 16,757 shares during the quarter. Valley Wealth Managers Inc. owned approximately 0.24% of Global X Defense Tech ETF worth $15,620,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Castleview Partners LLC raised its holdings in shares of Global X Defense Tech ETF by 19.6% during the third quarter. Castleview Partners LLC now owns 8,303 shares of the company’s stock valued at $499,000 after acquiring an additional 1,360 shares during the period. GK Wealth Management LLC acquired a new position in Global X Defense Tech ETF in the 3rd quarter worth approximately $32,000. Balefire LLC boosted its stake in Global X Defense Tech ETF by 12.7% in the 3rd quarter. Balefire LLC now owns 21,052 shares of the company’s stock worth $1,265,000 after purchasing an additional 2,367 shares during the period. Emergent Wealth Advisors LLC grew its position in Global X Defense Tech ETF by 64.0% during the 3rd quarter. Emergent Wealth Advisors LLC now owns 48,464 shares of the company’s stock worth $2,912,000 after purchasing an additional 18,914 shares in the last quarter. Finally, CoreCap Advisors LLC grew its position in Global X Defense Tech ETF by 52.7% during the 3rd quarter. CoreCap Advisors LLC now owns 18,492 shares of the company’s stock worth $1,111,000 after purchasing an additional 6,383 shares in the last quarter. 57.57% of the stock is owned by hedge funds and other institutional investors.
Global X Defense Tech ETF Stock Up 1.1%
Shares of NYSEARCA:SHLD opened at $59.87 on Friday. The company’s fifty day moving average is $64.32 and its two-hundred day moving average is $65.27. Global X Defense Tech ETF has a 12-month low of $57.89 and a 12-month high of $78.49. The company has a market cap of $6.36 billion, a P/E ratio of -4.94 and a beta of 0.33.
About Global X Defense Tech ETF
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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