Emergent Wealth Advisors LLC Buys 18,914 Shares of Global X Defense Tech ETF $SHLD

Emergent Wealth Advisors LLC boosted its stake in Global X Defense Tech ETF (NYSEARCA:SHLD) by 64.0% in the third quarter, Holdings Channel reports. The institutional investor owned 48,464 shares of the company’s stock after acquiring an additional 18,914 shares during the quarter. Global X Defense Tech ETF makes up approximately 1.5% of Emergent Wealth Advisors LLC’s holdings, making the stock its 14th largest position. Emergent Wealth Advisors LLC’s holdings in Global X Defense Tech ETF were worth $2,912,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. 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 acquiring an additional 2,795,100 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Global X Defense Tech ETF by 30.9% during the 1st quarter. Bank of America Corp DE now owns 9,575,995 shares of the company’s stock worth $678,363,000 after purchasing an additional 2,262,272 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd acquired a new stake in shares of Global X Defense Tech ETF during the 1st quarter valued at about $120,428,000. Wedbush Securities Inc. lifted its stake in Global X Defense Tech ETF by 7,064.6% in the second quarter. Wedbush Securities Inc. now owns 373,205 shares of the company’s stock valued at $11,498,000 after acquiring an additional 367,996 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in Global X Defense Tech ETF by 30.5% in the second quarter. Envestnet Asset Management Inc. now owns 1,362,699 shares of the company’s stock worth $81,367,000 after acquiring an additional 318,805 shares in the last quarter. 57.57% of the stock is owned by institutional investors and hedge funds.

Global X Defense Tech ETF Trading Up 0.8%

Global X Defense Tech ETF stock opened at $59.19 on Friday. The company has a market capitalization of $6.33 billion, a P/E ratio of -4.89 and a beta of 0.33. Global X Defense Tech ETF has a 1-year low of $57.89 and a 1-year high of $78.49. The firm’s fifty day simple moving average is $64.38 and its 200-day simple moving average is $65.31.

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.