Global X Defense Tech ETF (NYSEARCA:SHLD – Get Free Report) saw strong trading volume on Wednesday. Approximately 4,280,042 shares traded hands during mid-day trading, an increase of 152% from the average daily volume of 1,699,912 shares. The stock last traded at $61.11 and had previously closed at $63.38.
Global X Defense Tech ETF Stock Down 3.8%
The firm’s fifty day moving average is $62.22 and its two-hundred day moving average is $67.24. The firm has a market cap of $6.33 billion, a P/E ratio of -5.04 and a beta of 0.33.
Institutional Investors Weigh In On Global X Defense Tech ETF
A number of large investors have recently modified their holdings of the stock. Activest Wealth Management increased its holdings in Global X Defense Tech ETF by 2.4% during the third quarter. Activest Wealth Management now owns 7,112 shares of the company’s stock valued at $427,000 after buying an additional 168 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Global X Defense Tech ETF by 12.1% in the first quarter. EverSource Wealth Advisors LLC now owns 1,681 shares of the company’s stock worth $119,000 after acquiring an additional 181 shares during the period. Raleigh Capital Management Inc. boosted its stake in shares of Global X Defense Tech ETF by 102.9% during the 3rd quarter. Raleigh Capital Management Inc. now owns 489 shares of the company’s stock worth $29,000 after acquiring an additional 248 shares during the last quarter. Simplicity Wealth LLC boosted its stake in shares of Global X Defense Tech ETF by 7.3% during the 3rd quarter. Simplicity Wealth LLC now owns 4,745 shares of the company’s stock worth $285,000 after acquiring an additional 324 shares during the last quarter. Finally, Quantum Portfolio Management LLC boosted its stake in shares of Global X Defense Tech ETF by 3.2% during the 1st quarter. Quantum Portfolio Management LLC now owns 11,131 shares of the company’s stock worth $789,000 after acquiring an additional 348 shares during the last quarter. Institutional investors own 57.57% of the company’s stock.
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.
Recommended Stories
- Five stocks we like better than Global X Defense Tech ETF
- Why ExxonMobil and Chevron Reminded Investors to Keep it Simple
- Amazon Has Erased Its Earnings Sell-Off, But Is the Biggest Opportunity Still Ahead?
- onsemi’s AI Sales Surge 175%: Is a Stock Recovery Next?
- Energy Transfer’s Earnings Miss May Be Hiding Its Strongest Advantage
Receive News & Ratings for Global X Defense Tech ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global X Defense Tech ETF and related companies with MarketBeat.com's FREE daily email newsletter.
