FFG Retirement Advisors LLC grew its position in shares of Global X Defense Tech ETF (NYSEARCA:SHLD – Free Report) by 42.2% during the second quarter, Holdings Channel.com reports. The fund owned 32,769 shares of the company’s stock after purchasing an additional 9,718 shares during the quarter. FFG Retirement Advisors LLC’s holdings in Global X Defense Tech ETF were worth $1,957,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE grew its stake in shares of Global X Defense Tech ETF by 30.9% in the 1st quarter. Bank of America Corp DE now owns 9,575,995 shares of the company’s stock worth $678,363,000 after acquiring an additional 2,262,272 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Global X Defense Tech ETF by 151.1% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,645,365 shares of the company’s stock valued at $329,078,000 after purchasing an additional 2,795,100 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd bought a new position in shares of Global X Defense Tech ETF during the first quarter valued at about $120,428,000. Royal Bank of Canada lifted its position in shares of Global X Defense Tech ETF by 49.9% during the first quarter. Royal Bank of Canada now owns 817,433 shares of the company’s stock valued at $57,907,000 after purchasing an additional 271,959 shares in the last quarter. Finally, Sanctuary Advisors LLC boosted its holdings in Global X Defense Tech ETF by 41.1% during the first quarter. Sanctuary Advisors LLC now owns 770,947 shares of the company’s stock worth $54,614,000 after purchasing an additional 224,582 shares during the last quarter. 57.57% of the stock is owned by hedge funds and other institutional investors.
Global X Defense Tech ETF Stock Performance
Shares of SHLD stock opened at $69.85 on Tuesday. Global X Defense Tech ETF has a 52-week low of $57.89 and a 52-week high of $78.49. The company has a 50-day simple moving average of $62.72 and a two-hundred day simple moving average of $68.68. The company has a market capitalization of $7.76 billion, a price-to-earnings ratio of -5.77 and a beta of 0.27.
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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Want to see what other hedge funds are holding SHLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global X Defense Tech ETF (NYSEARCA:SHLD – Free Report).
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