Corecam Pte. Ltd. bought a new position in Global X Defense Tech ETF (NYSEARCA:SHLD – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 17,143 shares of the company’s stock, valued at approximately $1,030,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of America Corp DE boosted its position in shares of Global X Defense Tech ETF by 30.9% during the first quarter. Bank of America Corp DE now owns 9,575,995 shares of the company’s stock valued at $678,363,000 after purchasing an additional 2,262,272 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its holdings in Global X Defense Tech ETF by 151.1% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,645,365 shares of the company’s stock worth $329,078,000 after purchasing an additional 2,795,100 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd purchased a new position in Global X Defense Tech ETF during the first quarter valued at $120,428,000. Envestnet Asset Management Inc. lifted its position in Global X Defense Tech ETF by 30.5% during the second quarter. Envestnet Asset Management Inc. now owns 1,362,699 shares of the company’s stock valued at $81,367,000 after buying an additional 318,805 shares during the period. Finally, Royal Bank of Canada lifted its position in Global X Defense Tech ETF by 49.9% during the first quarter. Royal Bank of Canada now owns 817,433 shares of the company’s stock valued at $57,907,000 after buying an additional 271,959 shares during the period. Hedge funds and other institutional investors own 57.57% of the company’s stock.
Global X Defense Tech ETF Stock Performance
Shares of SHLD stock opened at $61.89 on Friday. Global X Defense Tech ETF has a 12 month low of $57.89 and a 12 month high of $78.49. The stock has a market cap of $6.45 billion, a PE ratio of -5.11 and a beta of 0.33. The company’s fifty day moving average price is $62.76 and its 200-day moving average price is $64.49.
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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