Global X Defense Tech ETF $SHLD Stock: ShoreHaven Wealth Partners LLC Raises Position

ShoreHaven Wealth Partners LLC lifted its holdings in Global X Defense Tech ETF (NYSEARCA:SHLD) by 9.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 94,637 shares of the company’s stock after purchasing an additional 8,482 shares during the period. Global X Defense Tech ETF comprises approximately 1.7% of ShoreHaven Wealth Partners LLC’s portfolio, making the stock its 17th largest holding. ShoreHaven Wealth Partners LLC’s holdings in Global X Defense Tech ETF were worth $5,686,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Bank of America Corp DE boosted its holdings in Global X Defense Tech ETF by 30.9% during the 1st quarter. Bank of America Corp DE now owns 9,575,995 shares of the company’s stock valued at $678,363,000 after acquiring an additional 2,262,272 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its stake in Global X Defense Tech ETF by 151.1% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,645,365 shares of the company’s stock worth $329,078,000 after purchasing an additional 2,795,100 shares during the period. Clal Insurance Enterprises Holdings Ltd purchased a new stake in Global X Defense Tech ETF in the first quarter worth $120,428,000. Envestnet Asset Management Inc. boosted its stake in shares of Global X Defense Tech ETF by 30.5% during the second quarter. Envestnet Asset Management Inc. now owns 1,362,699 shares of the company’s stock valued at $81,367,000 after purchasing an additional 318,805 shares during the period. Finally, Royal Bank of Canada boosted its stake in shares of Global X Defense Tech ETF by 49.9% during the first quarter. Royal Bank of Canada now owns 817,433 shares of the company’s stock valued at $57,907,000 after purchasing an additional 271,959 shares during the period. 57.57% of the stock is owned by institutional investors.

Global X Defense Tech ETF Trading Up 1.4%

NYSEARCA SHLD opened at $61.48 on Friday. The company’s 50-day moving average price is $63.61 and its 200-day moving average price is $64.85. The stock has a market cap of $6.48 billion, a PE ratio of -5.08 and a beta of 0.33. Global X Defense Tech ETF has a 12 month low of $57.89 and a 12 month 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.