Global X Defense Tech ETF $SHLD Stock Position Boosted by Novem Group

Novem Group lifted its holdings in Global X Defense Tech ETF (NYSEARCA:SHLD) by 212.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 28,741 shares of the company’s stock after purchasing an additional 19,528 shares during the quarter. Novem Group’s holdings in Global X Defense Tech ETF were worth $1,727,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings in shares of Global X Defense Tech ETF by 30.9% in the first quarter. Bank of America Corp DE now owns 9,575,995 shares of the company’s stock valued at $678,363,000 after purchasing an additional 2,262,272 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. grew 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 valued at $329,078,000 after purchasing an additional 2,795,100 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd bought a new position in Global X Defense Tech ETF in the first quarter valued at approximately $120,428,000. Envestnet Asset Management Inc. increased its position in shares of Global X Defense Tech ETF by 30.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,362,699 shares of the company’s stock worth $81,367,000 after purchasing an additional 318,805 shares during the last quarter. Finally, Royal Bank of Canada increased its position in shares of Global X Defense Tech ETF by 49.9% during the 1st quarter. Royal Bank of Canada now owns 817,433 shares of the company’s stock worth $57,907,000 after purchasing an additional 271,959 shares during the last quarter. Institutional investors own 57.57% of the company’s stock.

Global X Defense Tech ETF Trading Down 0.3%

Shares of Global X Defense Tech ETF stock traded down $0.17 on Monday, reaching $61.31. 807,596 shares of the company were exchanged, compared to its average volume of 1,733,557. Global X Defense Tech ETF has a one year low of $57.89 and a one year high of $78.49. The company has a market capitalization of $6.45 billion, a price-to-earnings ratio of -5.06 and a beta of 0.33. The company has a 50-day moving average of $63.61 and a 200 day moving average of $64.83.

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.