Wavvest Wealth LLC Makes New $1.43 Million Investment in Global X Defense Tech ETF $SHLD

Wavvest Wealth LLC bought a new position in Global X Defense Tech ETF (NYSEARCA:SHLD) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 23,745 shares of the company’s stock, valued at approximately $1,427,000. Global X Defense Tech ETF makes up 1.1% of Wavvest Wealth LLC’s portfolio, making the stock its 24th biggest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in SHLD. Bank of America Corp DE lifted its position in shares of Global X Defense Tech ETF by 30.9% during 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 in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its position in Global X Defense Tech ETF by 151.1% in the 1st 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 in the last quarter. Clal Insurance Enterprises Holdings Ltd bought a new stake in Global X Defense Tech ETF in the 1st quarter worth about $120,428,000. Envestnet Asset Management Inc. increased its stake in Global X Defense Tech ETF by 30.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,362,699 shares of the company’s stock valued at $81,367,000 after buying an additional 318,805 shares during the last quarter. Finally, Royal Bank of Canada increased its stake in Global X Defense Tech ETF by 49.9% in the 1st quarter. Royal Bank of Canada now owns 817,433 shares of the company’s stock valued at $57,907,000 after buying an additional 271,959 shares during the last quarter. Hedge funds and other institutional investors own 57.57% of the company’s stock.

Global X Defense Tech ETF Stock Up 0.4%

Global X Defense Tech ETF stock opened at $61.60 on Thursday. Global X Defense Tech ETF has a 52 week low of $57.89 and a 52 week high of $78.49. The company’s 50 day moving average price is $63.11 and its two-hundred day moving average price is $64.59. The stock has a market cap of $6.45 billion, a P/E ratio of -5.09 and a beta of 0.33.

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.