Global X Defense Tech ETF $SHLD Stock Acquired by Kestra Advisory Services LLC

Kestra Advisory Services LLC raised its stake in Global X Defense Tech ETF (NYSEARCA:SHLD) by 16.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 81,891 shares of the company’s stock after buying an additional 11,641 shares during the period. Kestra Advisory Services LLC owned about 0.08% of Global X Defense Tech ETF worth $4,920,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. CX Institutional bought a new stake in shares of Global X Defense Tech ETF during the 2nd quarter worth $29,000. Raleigh Capital Management Inc. grew its position in Global X Defense Tech ETF by 102.9% in the third quarter. Raleigh Capital Management Inc. now owns 489 shares of the company’s stock worth $29,000 after acquiring an additional 248 shares in the last quarter. GK Wealth Management LLC bought a new position in Global X Defense Tech ETF in the third quarter valued at $32,000. Manchester Capital Management LLC bought a new position in Global X Defense Tech ETF in the third quarter valued at $32,000. Finally, Blue Bell Private Wealth Management LLC bought a new position in Global X Defense Tech ETF in the third quarter valued at $39,000. Institutional investors own 57.57% of the company’s stock.

Global X Defense Tech ETF Stock Down 1.8%

NYSEARCA SHLD opened at $60.28 on Friday. The stock’s 50-day simple moving average is $61.50 and its two-hundred day simple moving average is $66.66. Global X Defense Tech ETF has a twelve month low of $57.14 and a twelve month high of $78.49. The company has a market capitalization of $6.02 billion, a price-to-earnings ratio of -4.98 and a beta of 0.30.

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.