Global X Defense Tech ETF $SHLD Shares Acquired by Mayflower Financial Advisors LLC

Mayflower Financial Advisors LLC boosted its stake in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) by 64.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 48,093 shares of the company’s stock after buying an additional 18,905 shares during the quarter. Mayflower Financial Advisors LLC’s holdings in Global X Defense Tech ETF were worth $3,407,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Advocate Investing Services LLC acquired a new stake in shares of Global X Defense Tech ETF in the first quarter valued at approximately $177,000. Oregon Pacific Wealth Management LLC acquired a new position in shares of Global X Defense Tech ETF during the 1st quarter worth approximately $205,000. Signal Advisors Wealth LLC lifted its stake in Global X Defense Tech ETF by 45.5% in the 1st quarter. Signal Advisors Wealth LLC now owns 4,831 shares of the company’s stock valued at $342,000 after buying an additional 1,510 shares in the last quarter. Sweeney & Michel LLC lifted its stake in Global X Defense Tech ETF by 33.3% in the 1st quarter. Sweeney & Michel LLC now owns 5,007 shares of the company’s stock valued at $373,000 after buying an additional 1,250 shares in the last quarter. Finally, Cardinal Point Capital Management ULC acquired a new stake in Global X Defense Tech ETF during the 1st quarter valued at $393,000. 57.57% of the stock is currently owned by institutional investors and hedge funds.

Global X Defense Tech ETF Price Performance

Global X Defense Tech ETF stock opened at $58.70 on Tuesday. The stock has a market capitalization of $6.96 billion, a P/E ratio of -4.85 and a beta of 0.20. Global X Defense Tech ETF has a 12-month low of $57.89 and a 12-month high of $78.49. The firm’s 50-day moving average is $64.86 and its two-hundred day moving average is $69.95.

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.