NewEdge Advisors LLC Purchases 193,449 Shares of Global X Defense Tech ETF $SHLD

NewEdge Advisors LLC increased its position in Global X Defense Tech ETF (NYSEARCA:SHLD) by 40.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 675,460 shares of the company’s stock after acquiring an additional 193,449 shares during the period. NewEdge Advisors LLC’s holdings in Global X Defense Tech ETF were worth $40,332,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Rockefeller Capital Management L.P. boosted its stake in Global X Defense Tech ETF by 19.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 77,000 shares of the company’s stock valued at $4,989,000 after purchasing an additional 12,702 shares during the last quarter. Nations Financial Group Inc. IA ADV increased its holdings in shares of Global X Defense Tech ETF by 14.4% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 10,144 shares of the company’s stock worth $719,000 after purchasing an additional 1,280 shares in the last quarter. Fortem Financial Group LLC raised its stake in shares of Global X Defense Tech ETF by 1,664.5% in the first quarter. Fortem Financial Group LLC now owns 75,873 shares of the company’s stock worth $5,375,000 after purchasing an additional 71,573 shares during the last quarter. Triad Wealth Partners LLC raised its stake in shares of Global X Defense Tech ETF by 112.9% in the first quarter. Triad Wealth Partners LLC now owns 214,036 shares of the company’s stock worth $15,162,000 after purchasing an additional 113,480 shares during the last quarter. Finally, Terra Nova Asset Management LLC lifted its holdings in shares of Global X Defense Tech ETF by 3.3% during the first quarter. Terra Nova Asset Management LLC now owns 24,589 shares of the company’s stock valued at $1,742,000 after purchasing an additional 783 shares in the last quarter. 57.57% of the stock is owned by institutional investors.

Global X Defense Tech ETF Price Performance

Global X Defense Tech ETF stock opened at $61.84 on Thursday. Global X Defense Tech ETF has a one year low of $57.89 and a one year high of $78.49. The stock has a market capitalization of $6.87 billion, a PE ratio of -5.11 and a beta of 0.27. The business’s fifty day moving average is $64.67 and its 200 day moving average is $67.45.

Global X Defense Tech ETF Company 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.