Spectrum Planning & Advisory Services Inc. Grows Position in Global X Defense Tech ETF $SHLD

Spectrum Planning & Advisory Services Inc. grew its holdings in Global X Defense Tech ETF (NYSEARCA:SHLD) by 47.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,944 shares of the company’s stock after buying an additional 11,247 shares during the period. Global X Defense Tech ETF accounts for about 1.2% of Spectrum Planning & Advisory Services Inc.’s holdings, making the stock its 28th biggest holding. Spectrum Planning & Advisory Services Inc.’s holdings in Global X Defense Tech ETF were worth $2,475,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of SHLD. Rockefeller Capital Management L.P. boosted its position in Global X Defense Tech ETF by 19.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 77,000 shares of the company’s stock worth $4,989,000 after acquiring an additional 12,702 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its stake in Global X Defense Tech ETF by 14.4% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 10,144 shares of the company’s stock valued at $719,000 after acquiring an additional 1,280 shares in the last quarter. Fortem Financial Group LLC raised its holdings in Global X Defense Tech ETF by 1,664.5% in the 1st quarter. Fortem Financial Group LLC now owns 75,873 shares of the company’s stock valued at $5,375,000 after acquiring an additional 71,573 shares during the last quarter. Triad Wealth Partners LLC raised its holdings in Global X Defense Tech ETF by 112.9% in the 1st quarter. Triad Wealth Partners LLC now owns 214,036 shares of the company’s stock valued at $15,162,000 after acquiring an additional 113,480 shares during the last quarter. Finally, Terra Nova Asset Management LLC lifted its stake in Global X Defense Tech ETF by 3.3% in the 1st quarter. Terra Nova Asset Management LLC now owns 24,589 shares of the company’s stock worth $1,742,000 after purchasing an additional 783 shares in the last quarter. 57.57% of the stock is owned by hedge funds and other institutional investors.

Global X Defense Tech ETF Price Performance

SHLD opened at $62.30 on Monday. The firm has a market capitalization of $7.39 billion, a price-to-earnings ratio of -5.14 and a beta of 0.20. The company’s 50 day simple moving average is $66.63 and its two-hundred day simple moving average is $70.11. Global X Defense Tech ETF has a 1-year low of $57.14 and a 1-year high of $78.49.

Global X Defense Tech ETF 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.