Independent Financial Group LLC bought a new position in shares of Global X Defense Tech ETF (NYSEARCA:SHLD – Free Report) in the first quarter, HoldingsChannel.com reports. The firm bought 94,557 shares of the company’s stock, valued at approximately $6,698,000.
Several other hedge funds and other institutional investors have also bought and sold shares of SHLD. Financial Life Planners bought a new stake in Global X Defense Tech ETF during the 1st quarter valued at $26,000. Evolution Wealth Management Inc. raised its position in shares of Global X Defense Tech ETF by 57.0% in the 1st quarter. Evolution Wealth Management Inc. now owns 793 shares of the company’s stock worth $56,000 after acquiring an additional 288 shares in the last quarter. International Assets Investment Management LLC lifted its stake in shares of Global X Defense Tech ETF by 75.8% during the 1st quarter. International Assets Investment Management LLC now owns 1,695 shares of the company’s stock worth $125,000 after purchasing an additional 731 shares during the last quarter. Advocate Investing Services LLC purchased a new stake in shares of Global X Defense Tech ETF during the 1st quarter worth $177,000. Finally, Centerpoint Advisory Group purchased a new stake in shares of Global X Defense Tech ETF during the 1st quarter worth $202,000. Institutional investors own 57.57% of the company’s stock.
Global X Defense Tech ETF Price Performance
Shares of SHLD stock opened at $59.89 on Friday. Global X Defense Tech ETF has a 1-year low of $57.89 and a 1-year high of $78.49. The stock’s 50-day moving average is $63.04 and its 200 day moving average is $69.65. The company has a market cap of $6.76 billion, a P/E ratio of -4.95 and a beta of 0.29.
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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