Physician Wealth Advisors Inc. decreased its stake in Global X Defense Tech ETF (NYSEARCA:SHLD – Free Report) by 14.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 144,478 shares of the company’s stock after selling 24,644 shares during the quarter. Global X Defense Tech ETF makes up 1.0% of Physician Wealth Advisors Inc.’s holdings, making the stock its 21st biggest position. Physician Wealth Advisors Inc. owned about 0.14% of Global X Defense Tech ETF worth $8,680,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently made changes to their positions in SHLD. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD purchased a new position in shares of Global X Defense Tech ETF during the 2nd quarter worth $4,910,000. Solstein Capital LLC increased its stake in Global X Defense Tech ETF by 34.5% during the 2nd quarter. Solstein Capital LLC now owns 44,211 shares of the company’s stock worth $2,640,000 after buying an additional 11,352 shares during the period. Waverly Advisors LLC raised its stake in shares of Global X Defense Tech ETF by 1,589.5% in the second quarter. Waverly Advisors LLC now owns 75,519 shares of the company’s stock valued at $4,509,000 after acquiring an additional 71,049 shares in the last quarter. BlueCrest Capital Management Ltd purchased a new stake in Global X Defense Tech ETF during the 2nd quarter worth about $3,583,000. Finally, Buttonwood Financial Group LLC increased its stake in shares of Global X Defense Tech ETF by 25.2% during the second quarter. Buttonwood Financial Group LLC now owns 103,100 shares of the company’s stock worth $6,156,000 after buying an additional 20,768 shares during the period. 57.57% of the stock is currently owned by hedge funds and other institutional investors.
Global X Defense Tech ETF Trading Up 0.0%
Shares of SHLD stock opened at $61.33 on Wednesday. The company has a market cap of $6.45 billion, a P/E ratio of -5.06 and a beta of 0.33. The firm has a fifty day moving average price of $63.28 and a 200 day moving average price of $64.68. 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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