Principle Wealth Partners LLC acquired a new position in Global X Defense Tech ETF (NYSEARCA:SHLD – Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 24,470 shares of the company’s stock, valued at approximately $1,470,000.
A number of other hedge funds 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 second quarter worth $4,910,000. Solstein Capital LLC grew its stake in shares of Global X Defense Tech ETF by 34.5% in the second quarter. Solstein Capital LLC now owns 44,211 shares of the company’s stock valued at $2,640,000 after buying an additional 11,352 shares in the last quarter. Buttonwood Financial Group LLC grew its stake in shares of Global X Defense Tech ETF by 25.2% in the second quarter. Buttonwood Financial Group LLC now owns 103,100 shares of the company’s stock valued at $6,156,000 after buying an additional 20,768 shares in the last quarter. Waverly Advisors LLC grew 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 buying an additional 71,049 shares in the last quarter. Finally, BlueCrest Capital Management Ltd purchased a new stake in shares of Global X Defense Tech ETF in the 2nd quarter valued at $3,583,000. Hedge funds and other institutional investors own 57.57% of the company’s stock.
Global X Defense Tech ETF Price Performance
Shares of SHLD stock traded up $0.17 on Friday, hitting $58.20. The stock had a trading volume of 1,734,071 shares, compared to its average volume of 1,714,589. The company’s 50 day moving average price is $61.79 and its 200-day moving average price is $66.97. Global X Defense Tech ETF has a 1 year low of $57.14 and a 1 year high of $78.49. The firm has a market capitalization of $6.00 billion, a P/E ratio of -4.81 and a beta of 0.30.
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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