Global X Defense Tech ETF $SHLD Shares Bought by Tennessee Valley Asset Management Partners

Tennessee Valley Asset Management Partners grew its stake in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) by 22.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 203,014 shares of the company’s stock after purchasing an additional 37,453 shares during the quarter. Global X Defense Tech ETF accounts for 1.3% of Tennessee Valley Asset Management Partners’ investment portfolio, making the stock its 17th biggest position. Tennessee Valley Asset Management Partners’ holdings in Global X Defense Tech ETF were worth $12,197,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Parallel Advisors LLC raised its holdings in shares of Global X Defense Tech ETF by 12.1% during the 3rd quarter. Parallel Advisors LLC now owns 13,973 shares of the company’s stock valued at $839,000 after buying an additional 1,503 shares during the period. United Advisor Group LLC boosted its holdings in Global X Defense Tech ETF by 9.8% in the 3rd quarter. United Advisor Group LLC now owns 22,594 shares of the company’s stock worth $1,357,000 after acquiring an additional 2,014 shares during the period. Plancorp LLC purchased a new position in Global X Defense Tech ETF in the 3rd quarter worth approximately $6,324,000. Heritage Family Offices LLP purchased a new position in Global X Defense Tech ETF in the 3rd quarter worth approximately $61,000. Finally, Principle Wealth Partners LLC acquired a new stake in Global X Defense Tech ETF in the third quarter valued at approximately $1,470,000. Hedge funds and other institutional investors own 57.57% of the company’s stock.

Global X Defense Tech ETF Stock Up 0.3%

Shares of SHLD traded up $0.17 during mid-day trading on Friday, reaching $58.20. 1,734,071 shares of the stock traded hands, compared to its average volume of 1,714,589. The firm has a market cap of $6.00 billion, a price-to-earnings ratio of -4.81 and a beta of 0.30. The stock has a fifty day simple moving average of $61.79 and a 200 day simple moving average of $66.97. Global X Defense Tech ETF has a 12-month low of $57.14 and a 12-month 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.