Triad Wealth Partners LLC increased its position in shares of Global X Defense Tech ETF (NYSEARCA:SHLD – Free Report) by 112.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 214,036 shares of the company’s stock after buying an additional 113,480 shares during the period. Global X Defense Tech ETF accounts for 1.2% of Triad Wealth Partners LLC’s holdings, making the stock its 18th biggest holding. Triad Wealth Partners LLC owned about 0.18% of Global X Defense Tech ETF worth $15,162,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of SHLD. Nations Financial Group Inc. IA ADV boosted its position in Global X Defense Tech ETF by 14.4% during the first quarter. Nations Financial Group Inc. IA ADV now owns 10,144 shares of the company’s stock valued at $719,000 after acquiring an additional 1,280 shares during the last quarter. Fortem Financial Group LLC raised its position in shares of Global X Defense Tech ETF by 1,664.5% in the 1st quarter. Fortem Financial Group LLC now owns 75,873 shares of the company’s stock worth $5,375,000 after acquiring an additional 71,573 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised its position in shares of Global X Defense Tech ETF by 19.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 77,000 shares of the company’s stock worth $4,989,000 after acquiring an additional 12,702 shares in the last quarter. Institutional investors and hedge funds own 57.57% of the company’s stock.
Global X Defense Tech ETF Price Performance
Shares of NYSEARCA:SHLD opened at $62.30 on Friday. The company has a market capitalization of $7.39 billion, a price-to-earnings ratio of -5.14 and a beta of 0.20. The business’s 50-day moving average is $66.63 and its 200-day moving average is $70.04. Global X Defense Tech ETF has a 1 year low of $57.14 and a 1 year high of $78.49.
Global X Defense Tech ETF 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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