Midwest Capital Advisors LLC lifted its stake in shares of Global X Defense Tech ETF (NYSEARCA:SHLD – Free Report) by 52.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 96,120 shares of the company’s stock after buying an additional 32,971 shares during the quarter. Global X Defense Tech ETF comprises 3.2% of Midwest Capital Advisors LLC’s portfolio, making the stock its 10th largest position. Midwest Capital Advisors LLC owned approximately 0.08% of Global X Defense Tech ETF worth $6,809,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also bought and sold shares of the company. Rockefeller Capital Management L.P. grew its holdings in shares of Global X Defense Tech ETF by 19.8% during 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 during the period. Nations Financial Group Inc. IA ADV lifted its stake in shares of Global X Defense Tech ETF by 14.4% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 10,144 shares of the company’s stock valued at $719,000 after purchasing an additional 1,280 shares during the period. Fortem Financial Group LLC boosted its position in shares of Global X Defense Tech ETF by 1,664.5% during the first quarter. Fortem Financial Group LLC now owns 75,873 shares of the company’s stock valued at $5,375,000 after purchasing an additional 71,573 shares in the last quarter. Triad Wealth Partners LLC grew its stake in Global X Defense Tech ETF by 112.9% in the first quarter. Triad Wealth Partners LLC now owns 214,036 shares of the company’s stock worth $15,162,000 after purchasing an additional 113,480 shares during the period. Finally, Terra Nova Asset Management LLC raised its holdings in Global X Defense Tech ETF by 3.3% in the first quarter. Terra Nova Asset Management LLC now owns 24,589 shares of the company’s stock worth $1,742,000 after purchasing an additional 783 shares in the last quarter. 57.57% of the stock is currently owned by hedge funds and other institutional investors.
Global X Defense Tech ETF Trading Up 2.5%
Shares of Global X Defense Tech ETF stock opened at $61.20 on Thursday. Global X Defense Tech ETF has a 12 month low of $57.89 and a 12 month high of $78.49. The firm has a market capitalization of $7.06 billion, a P/E ratio of -5.05 and a beta of 0.29. The business has a fifty day simple moving average of $64.35 and a two-hundred day simple moving average of $69.89.
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.
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