Members Advisory Group LLC purchased a new stake in shares of Global X Defense Tech ETF (NYSEARCA:SHLD – Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 10,454 shares of the company’s stock, valued at approximately $741,000. Global X Defense Tech ETF makes up about 0.3% of Members Advisory Group LLC’s investment portfolio, making the stock its 28th largest position.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in SHLD. Financial Life Planners bought a new stake in Global X Defense Tech ETF in the 1st quarter worth about $26,000. Evolution Wealth Management Inc. lifted its position in shares of Global X Defense Tech ETF by 57.0% during the 1st quarter. Evolution Wealth Management Inc. now owns 793 shares of the company’s stock worth $56,000 after buying an additional 288 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of Global X Defense Tech ETF by 75.8% in the 1st quarter. International Assets Investment Management LLC now owns 1,695 shares of the company’s stock worth $125,000 after buying an additional 731 shares during the last quarter. Advocate Investing Services LLC purchased a new position in shares of Global X Defense Tech ETF in the 1st quarter worth approximately $177,000. Finally, Centerpoint Advisory Group bought a new position in shares of Global X Defense Tech ETF in the first quarter valued at approximately $202,000. 57.57% of the stock is currently owned by hedge funds and other institutional investors.
Global X Defense Tech ETF Trading Up 0.1%
Shares of SHLD opened at $60.26 on Thursday. The company has a market capitalization of $6.80 billion, a price-to-earnings ratio of -4.98 and a beta of 0.29. The stock has a 50 day moving average of $63.16 and a 200 day moving average of $69.69. Global X Defense Tech ETF has a 12 month low of $57.89 and a 12 month high of $78.49.
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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