Global X Defense Tech ETF $SHLD Shares Acquired by Horst & Graben Wealth Management LLC

Horst & Graben Wealth Management LLC boosted its stake in Global X Defense Tech ETF (NYSEARCA:SHLD) by 74.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 154,953 shares of the company’s stock after buying an additional 66,173 shares during the period. Global X Defense Tech ETF accounts for 1.5% of Horst & Graben Wealth Management LLC’s portfolio, making the stock its 25th biggest holding. Horst & Graben Wealth Management LLC’s holdings in Global X Defense Tech ETF were worth $10,456,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Triad Wealth Partners LLC raised its position in shares of Global X Defense Tech ETF by 112.9% during the 1st quarter. Triad Wealth Partners LLC now owns 214,036 shares of the company’s stock worth $15,162,000 after buying an additional 113,480 shares in the last quarter. Private Advisor Group LLC increased its stake in shares of Global X Defense Tech ETF by 36.5% during the first quarter. Private Advisor Group LLC now owns 157,842 shares of the company’s stock valued at $11,182,000 after acquiring an additional 42,210 shares during the period. EWA LLC increased 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 acquiring an additional 51,899 shares during the period. Physician Wealth Advisors Inc. raised its holdings in Global X Defense Tech ETF by 49.5% during the first quarter. Physician Wealth Advisors Inc. now owns 124,454 shares of the company’s stock worth $8,816,000 after purchasing an additional 41,210 shares in the last quarter. Finally, Midwest Capital Advisors LLC raised its holdings in Global X Defense Tech ETF by 52.2% during the first quarter. Midwest Capital Advisors LLC now owns 96,120 shares of the company’s stock worth $6,809,000 after purchasing an additional 32,971 shares in the last quarter. Institutional investors and hedge funds own 57.57% of the company’s stock.

Global X Defense Tech ETF Stock Performance

Shares of NYSEARCA SHLD opened at $63.79 on Wednesday. The stock has a fifty day moving average price of $63.93 and a two-hundred day moving average price of $69.90. The firm has a market cap of $7.29 billion, a P/E ratio of -5.27 and a beta of 0.29. Global X Defense Tech ETF has a 1 year low of $57.89 and a 1 year high of $78.49.

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.