Global X Defense Tech ETF $SHLD Stake Cut by Mcmorgan & Co. LLC

Mcmorgan & Co. LLC lessened its holdings in Global X Defense Tech ETF (NYSEARCA:SHLD) by 17.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,310 shares of the company’s stock after selling 12,500 shares during the quarter. Global X Defense Tech ETF makes up about 0.7% of Mcmorgan & Co. LLC’s investment portfolio, making the stock its 20th largest holding. Mcmorgan & Co. LLC’s holdings in Global X Defense Tech ETF were worth $4,202,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in SHLD. Harel Insurance Investments & Financial Services Ltd. raised its holdings 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 worth $329,078,000 after purchasing an additional 2,795,100 shares during the period. Sanctuary Advisors LLC boosted its holdings in shares of Global X Defense Tech ETF by 41.1% in the 1st quarter. Sanctuary Advisors LLC now owns 770,947 shares of the company’s stock valued at $54,614,000 after buying an additional 224,582 shares during the period. Triad Wealth Partners LLC boosted its holdings in shares of Global X Defense Tech ETF by 112.9% in the 1st quarter. Triad Wealth Partners LLC now owns 214,036 shares of the company’s stock valued at $15,162,000 after buying an additional 113,480 shares during the period. CFS Investment Advisory Services LLC grew its position in shares of Global X Defense Tech ETF by 67.3% during the 1st quarter. CFS Investment Advisory Services LLC now owns 179,757 shares of the company’s stock valued at $13,185,000 after buying an additional 72,281 shares during the last quarter. Finally, Private Advisor Group LLC grew its position in shares of Global X Defense Tech ETF by 36.5% during the 1st quarter. Private Advisor Group LLC now owns 157,842 shares of the company’s stock valued at $11,182,000 after buying an additional 42,210 shares during the last quarter. Institutional investors own 57.57% of the company’s stock.

Global X Defense Tech ETF Stock Up 0.1%

SHLD opened at $60.26 on Thursday. The firm has a market cap of $6.80 billion, a price-to-earnings ratio of -4.98 and a beta of 0.29. Global X Defense Tech ETF has a fifty-two week low of $57.89 and a fifty-two week high of $78.49. The company’s 50-day moving average price is $63.16 and its 200 day moving average price is $69.69.

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.