Signet Financial Management LLC lifted its stake in shares of Global X Defense Tech ETF (NYSEARCA:SHLD – Free Report) by 68.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,197 shares of the company’s stock after buying an additional 16,368 shares during the period. Signet Financial Management LLC’s holdings in Global X Defense Tech ETF were worth $2,848,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in SHLD. Sanctuary Advisors LLC increased its position in shares of Global X Defense Tech ETF by 41.1% in the 1st quarter. Sanctuary Advisors LLC now owns 770,947 shares of the company’s stock valued at $54,614,000 after acquiring an additional 224,582 shares during the period. Mosaic Advisors LLC purchased a new position in Global X Defense Tech ETF in the 1st quarter worth $216,000. Wealthgarden F.S. LLC raised its stake in Global X Defense Tech ETF by 52.1% in the 1st quarter. Wealthgarden F.S. LLC now owns 16,264 shares of the company’s stock worth $1,152,000 after acquiring an additional 5,574 shares during the last quarter. Retirement Planning Group LLC acquired a new stake in Global X Defense Tech ETF during the 1st quarter worth about $216,000. Finally, Integrity Wealth Solutions LLC acquired a new stake in Global X Defense Tech ETF during the 1st quarter worth about $223,000. 57.57% of the stock is owned by hedge funds and other institutional investors.
Global X Defense Tech ETF Stock Performance
Global X Defense Tech ETF stock opened at $60.22 on Wednesday. The business’s 50-day simple moving average is $63.32 and its two-hundred day simple moving average is $69.74. The company has a market cap of $6.79 billion, a PE ratio of -4.97 and a beta of 0.29. Global X Defense Tech ETF has a fifty-two week low of $57.89 and a fifty-two week high of $78.49.
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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