74,418 Global X Defense Tech ETF $SHLD Shares Sold by Patton Albertson Miller Group LLC

Patton Albertson Miller Group LLC lowered its stake in Global X Defense Tech ETF (NYSEARCA:SHLD) by 24.0% during the third quarter, HoldingsChannel.com reports. The firm owned 236,168 shares of the company’s stock after selling 74,418 shares during the period. Global X Defense Tech ETF makes up about 1.4% of Patton Albertson Miller Group LLC’s holdings, making the stock its 19th biggest holding. Patton Albertson Miller Group LLC’s holdings in Global X Defense Tech ETF were worth $14,189,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Kingswood Wealth Advisors LLC increased its holdings in Global X Defense Tech ETF by 9.3% in the third quarter. Kingswood Wealth Advisors LLC now owns 4,592 shares of the company’s stock valued at $276,000 after purchasing an additional 392 shares during the last quarter. Centerpoint Advisory Group lifted its position in Global X Defense Tech ETF by 74.7% in the 3rd quarter. Centerpoint Advisory Group now owns 10,233 shares of the company’s stock valued at $615,000 after acquiring an additional 4,375 shares in the last quarter. Beacon Capital Management LLC boosted its position in shares of Global X Defense Tech ETF by 14.4% during the third quarter. Beacon Capital Management LLC now owns 98,714 shares of the company’s stock worth $5,931,000 after buying an additional 12,410 shares during the period. Corecam Pte. Ltd. acquired a new position in Global X Defense Tech ETF during the 3rd quarter worth approximately $1,030,000. Finally, Citizens Financial Group Inc. RI bought a new position in Global X Defense Tech ETF in the third quarter valued at $1,254,000. 57.57% of the stock is currently owned by institutional investors.

Global X Defense Tech ETF Stock Up 2.4%

SHLD stock opened at $63.35 on Tuesday. Global X Defense Tech ETF has a twelve month low of $57.89 and a twelve month high of $78.49. The company has a market cap of $6.60 billion, a price-to-earnings ratio of -5.23 and a beta of 0.33. The business has a 50 day moving average price of $62.77 and a two-hundred day moving average price of $67.57.

About Global X Defense Tech ETF

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.