Empowered Funds LLC Makes New $3.58 Million Investment in Global X Defense Tech ETF $SHLD

Empowered Funds LLC acquired a new stake in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 50,466 shares of the company’s stock, valued at approximately $3,575,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SHLD. Financial Life Planners bought a new position in shares of Global X Defense Tech ETF in the 1st quarter worth approximately $26,000. Evolution Wealth Management Inc. lifted its stake 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 valued at $56,000 after purchasing an additional 288 shares during the period. International Assets Investment Management LLC boosted its position in shares of Global X Defense Tech ETF by 75.8% during the first quarter. International Assets Investment Management LLC now owns 1,695 shares of the company’s stock valued at $125,000 after purchasing an additional 731 shares in the last quarter. Main Street Group LTD bought a new stake in shares of Global X Defense Tech ETF during the first quarter valued at approximately $126,000. Finally, PeakShares LLC purchased a new stake in Global X Defense Tech ETF in the first quarter worth $140,000. Hedge funds and other institutional investors own 57.57% of the company’s stock.

Global X Defense Tech ETF Trading Up 1.8%

SHLD opened at $64.37 on Tuesday. The stock has a fifty day simple moving average of $62.55 and a two-hundred day simple moving average of $69.00. The company has a market cap of $7.18 billion, a price-to-earnings ratio of -5.32 and a beta of 0.29. Global X Defense Tech ETF has a 12-month low of $57.89 and a 12-month high of $78.49.

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.