Physician Wealth Advisors Inc. Raises Stock Holdings in Global X Defense Tech ETF $SHLD

Physician Wealth Advisors Inc. lifted its stake in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) by 49.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 124,454 shares of the company’s stock after acquiring an additional 41,210 shares during the period. Global X Defense Tech ETF accounts for approximately 1.2% of Physician Wealth Advisors Inc.’s portfolio, making the stock its 23rd biggest holding. Physician Wealth Advisors Inc. owned 0.11% of Global X Defense Tech ETF worth $8,816,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Chatterton & Associates Inc. lifted its holdings in Global X Defense Tech ETF by 121.0% in the 1st quarter. Chatterton & Associates Inc. now owns 20,999 shares of the company’s stock valued at $1,559,000 after purchasing an additional 11,499 shares in the last quarter. Tepp RIA LLC purchased a new stake in shares of Global X Defense Tech ETF during the first quarter worth about $2,614,000. Rockefeller Capital Management L.P. raised its position in shares of Global X Defense Tech ETF by 19.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 77,000 shares of the company’s stock valued at $4,989,000 after buying an additional 12,702 shares during the last quarter. Brookstone Capital Management raised its position in shares of Global X Defense Tech ETF by 176.4% in the first quarter. Brookstone Capital Management now owns 14,486 shares of the company’s stock valued at $1,026,000 after buying an additional 9,245 shares during the last quarter. Finally, EWA LLC lifted its stake in shares of Global X Defense Tech ETF by 66.8% during the first quarter. EWA LLC now owns 129,631 shares of the company’s stock valued at $9,183,000 after buying an additional 51,899 shares during the period. Hedge funds and other institutional investors own 57.57% of the company’s stock.

Global X Defense Tech ETF Stock Performance

Shares of NYSEARCA SHLD opened at $61.20 on Thursday. Global X Defense Tech ETF has a 1 year low of $57.89 and a 1 year high of $78.49. The firm’s 50 day moving average price is $64.35 and its 200 day moving average price is $69.89. The firm has a market cap of $7.06 billion, a P/E ratio of -5.05 and a beta of 0.29.

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.