Integrated Advisors Network LLC boosted its position in Global X Defense Tech ETF (NYSEARCA:SHLD – Free Report) by 123.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,728 shares of the company’s stock after purchasing an additional 14,229 shares during the quarter. Integrated Advisors Network LLC’s holdings in Global X Defense Tech ETF were worth $1,823,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in SHLD. Triad Wealth Partners LLC increased its stake in shares of Global X Defense Tech ETF by 112.9% during the first quarter. Triad Wealth Partners LLC now owns 214,036 shares of the company’s stock valued at $15,162,000 after purchasing an additional 113,480 shares in the last quarter. Fortem Financial Group LLC grew its stake 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 buying an additional 71,573 shares during the last quarter. EWA LLC increased its position in Global X Defense Tech ETF by 66.8% during the 1st quarter. EWA LLC now owns 129,631 shares of the company’s stock valued at $9,183,000 after buying an additional 51,899 shares in the last quarter. Private Advisor Group LLC increased its position in Global X Defense Tech ETF by 36.5% during the 1st quarter. Private Advisor Group LLC now owns 157,842 shares of the company’s stock valued at $11,182,000 after buying an additional 42,210 shares in the last quarter. Finally, Physician Wealth Advisors Inc. raised its stake in Global X Defense Tech ETF by 49.5% during the first quarter. Physician Wealth Advisors Inc. now owns 124,454 shares of the company’s stock valued at $8,816,000 after buying an additional 41,210 shares during the last quarter. Hedge funds and other institutional investors own 57.57% of the company’s stock.
Global X Defense Tech ETF Trading Down 1.6%
Global X Defense Tech ETF stock opened at $63.79 on Wednesday. Global X Defense Tech ETF has a 12 month low of $57.89 and a 12 month high of $78.49. The business’s fifty day simple moving average is $63.93 and its two-hundred day simple moving average is $69.90. The company has a market capitalization of $7.29 billion, a price-to-earnings ratio of -5.27 and a beta of 0.29.
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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