Waverly Advisors LLC lifted its stake in Global X Defense Tech ETF (NYSEARCA:SHLD – Free Report) by 1,589.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,519 shares of the company’s stock after acquiring an additional 71,049 shares during the period. Waverly Advisors LLC’s holdings in Global X Defense Tech ETF were worth $4,509,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in SHLD. Range Advisory LLC raised its stake in shares of Global X Defense Tech ETF by 8.4% during the 2nd quarter. Range Advisory LLC now owns 7,216 shares of the company’s stock valued at $431,000 after purchasing an additional 557 shares during the period. Corient Private Wealth LP boosted its stake in Global X Defense Tech ETF by 33.5% in the 2nd quarter. Corient Private Wealth LP now owns 21,284 shares of the company’s stock worth $1,271,000 after purchasing an additional 5,341 shares during the period. Kingsbury Capital Investment Advisors LLC grew its holdings in Global X Defense Tech ETF by 55.5% during the 2nd quarter. Kingsbury Capital Investment Advisors LLC now owns 20,100 shares of the company’s stock valued at $1,200,000 after buying an additional 7,177 shares in the last quarter. Carlson Financial Inc. grew its holdings in Global X Defense Tech ETF by 2.4% during the 2nd quarter. Carlson Financial Inc. now owns 31,488 shares of the company’s stock valued at $1,881,000 after buying an additional 750 shares in the last quarter. Finally, Ameritas Advisory Services LLC grew its holdings in Global X Defense Tech ETF by 481.2% during the 2nd quarter. Ameritas Advisory Services LLC now owns 89,824 shares of the company’s stock valued at $5,363,000 after buying an additional 74,368 shares in the last quarter. 57.57% of the stock is currently owned by hedge funds and other institutional investors.
Global X Defense Tech ETF Stock Down 0.1%
Shares of SHLD opened at $61.78 on Friday. Global X Defense Tech ETF has a twelve month low of $57.89 and a twelve month high of $78.49. The stock has a market cap of $6.86 billion, a PE ratio of -5.10 and a beta of 0.27. The business’s 50-day moving average price is $64.63 and its 200-day moving average price is $67.35.
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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