Goldstein Advisors LLC cut its holdings in shares of Global X Defense Tech ETF (NYSEARCA:SHLD – Free Report) by 12.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 294,213 shares of the company’s stock after selling 41,330 shares during the period. Global X Defense Tech ETF makes up 1.6% of Goldstein Advisors LLC’s holdings, making the stock its 15th biggest holding. Goldstein Advisors LLC’s holdings in Global X Defense Tech ETF were worth $17,676,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in SHLD. Financial Life Planners acquired a new stake in shares of Global X Defense Tech ETF in the 1st quarter worth about $26,000. CX Institutional bought a new position in Global X Defense Tech ETF in the 2nd quarter valued at about $29,000. GK Wealth Management LLC acquired a new position in Global X Defense Tech ETF during the 3rd quarter valued at about $32,000. Evolution Wealth Management Inc. boosted its stake in Global X Defense Tech ETF by 57.0% during the 1st quarter. Evolution Wealth Management Inc. now owns 793 shares of the company’s stock valued at $56,000 after purchasing an additional 288 shares during the last quarter. Finally, Markowski Investments acquired a new position in Global X Defense Tech ETF during the 2nd quarter valued at about $77,000. 57.57% of the stock is owned by institutional investors.
Global X Defense Tech ETF Stock Performance
Shares of SHLD opened at $60.65 on Friday. The stock has a 50 day moving average price of $63.76 and a two-hundred day moving average price of $64.88. The firm has a market capitalization of $6.39 billion, a P/E ratio of -5.01 and a beta of 0.33. Global X Defense Tech ETF has a 52 week low of $57.89 and a 52 week 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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