Global X Defense Tech ETF $SHLD Shares Acquired by Signet Financial Management LLC

Signet Financial Management LLC grew its holdings in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) by 68.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,197 shares of the company’s stock after purchasing an additional 16,368 shares during the period. Signet Financial Management LLC’s holdings in Global X Defense Tech ETF were worth $2,848,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Financial Life Planners purchased a new position in Global X Defense Tech ETF during the 1st quarter worth $26,000. Evolution Wealth Management Inc. raised its stake in Global X Defense Tech ETF by 57.0% in the first quarter. Evolution Wealth Management Inc. now owns 793 shares of the company’s stock valued at $56,000 after buying an additional 288 shares during the last quarter. International Assets Investment Management LLC raised its stake in Global X Defense Tech ETF by 75.8% in the first quarter. International Assets Investment Management LLC now owns 1,695 shares of the company’s stock valued at $125,000 after buying an additional 731 shares during the last quarter. Advocate Investing Services LLC acquired a new stake in Global X Defense Tech ETF in the first quarter worth about $177,000. Finally, Centerpoint Advisory Group acquired a new stake in Global X Defense Tech ETF in the first quarter worth about $202,000. Institutional investors and hedge funds own 57.57% of the company’s stock.

Global X Defense Tech ETF Stock Performance

Shares of SHLD stock opened at $60.22 on Wednesday. Global X Defense Tech ETF has a fifty-two week low of $57.89 and a fifty-two week high of $78.49. The firm has a market capitalization of $6.79 billion, a price-to-earnings ratio of -4.97 and a beta of 0.29. The stock’s 50-day simple moving average is $63.32 and its 200-day simple moving average is $69.74.

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.