First Heartland Consultants Inc. Buys Shares of 18,923 Global X Defense Tech ETF $SHLD

First Heartland Consultants Inc. bought a new position in Global X Defense Tech ETF (NYSEARCA:SHLD) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 18,923 shares of the company’s stock, valued at approximately $1,130,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Midwest Financial Network LLC acquired a new stake in shares of Global X Defense Tech ETF in the 2nd quarter valued at $231,000. Archer Investment Management LLC increased its position in Global X Defense Tech ETF by 39.3% during the second quarter. Archer Investment Management LLC now owns 98,551 shares of the company’s stock worth $5,884,000 after buying an additional 27,788 shares during the last quarter. Balefire LLC acquired a new position in Global X Defense Tech ETF during the second quarter worth $1,116,000. RDA Financial Network raised its holdings in Global X Defense Tech ETF by 41.1% during the second quarter. RDA Financial Network now owns 9,611 shares of the company’s stock valued at $574,000 after buying an additional 2,799 shares in the last quarter. Finally, CX Institutional bought a new position in Global X Defense Tech ETF during the second quarter valued at about $29,000. Institutional investors own 57.57% of the company’s stock.

Global X Defense Tech ETF Stock Performance

SHLD opened at $69.04 on Friday. The company has a market cap of $7.67 billion, a PE ratio of -5.70 and a beta of 0.27. The stock has a 50-day moving average of $62.64 and a 200-day moving average of $68.79. Global X Defense Tech ETF has a 52-week low of $57.89 and a 52-week high of $78.49.

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.