Bull Harbor Capital LLC purchased a new position in Global X Defense Tech ETF (NYSEARCA:SHLD – Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 19,950 shares of the company’s stock, valued at approximately $1,413,000.
Several other hedge funds have also recently made changes to their positions in SHLD. Arkadios Wealth Advisors bought a new position in Global X Defense Tech ETF during the first quarter valued at approximately $311,000. EverSource Wealth Advisors LLC grew its position in Global X Defense Tech ETF by 12.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,681 shares of the company’s stock worth $119,000 after purchasing an additional 181 shares during the period. Royal Bank of Canada grew its position in Global X Defense Tech ETF by 49.9% in the 1st quarter. Royal Bank of Canada now owns 817,433 shares of the company’s stock worth $57,907,000 after purchasing an additional 271,959 shares during the period. Empowered Funds LLC bought a new position in shares of Global X Defense Tech ETF during the 1st quarter valued at $3,575,000. Finally, Quantinno Capital Management LP lifted its holdings in shares of Global X Defense Tech ETF by 26.4% during the 1st quarter. Quantinno Capital Management LP now owns 12,187 shares of the company’s stock valued at $863,000 after buying an additional 2,543 shares during the period. 57.57% of the stock is owned by hedge funds and other institutional investors.
Global X Defense Tech ETF Price Performance
Shares of SHLD opened at $62.03 on Thursday. Global X Defense Tech ETF has a one year low of $57.89 and a one year high of $78.49. The firm has a market capitalization of $6.92 billion, a P/E ratio of -5.12 and a beta of 0.29. The business has a fifty day moving average of $62.63 and a 200 day moving average of $69.26.
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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