Global X Defense Tech ETF $SHLD Shares Acquired by Cardinal Strategic Wealth Guidance

Cardinal Strategic Wealth Guidance lifted its position in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) by 17.8% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 81,519 shares of the company’s stock after buying an additional 12,326 shares during the period. Global X Defense Tech ETF accounts for approximately 1.5% of Cardinal Strategic Wealth Guidance’s portfolio, making the stock its 15th largest holding. Cardinal Strategic Wealth Guidance owned approximately 0.07% of Global X Defense Tech ETF worth $5,775,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of SHLD. Signal Advisors Wealth LLC raised its holdings in Global X Defense Tech ETF by 45.5% in the 1st quarter. Signal Advisors Wealth LLC now owns 4,831 shares of the company’s stock valued at $342,000 after acquiring an additional 1,510 shares during the last quarter. Sweeney & Michel LLC boosted its holdings in shares of Global X Defense Tech ETF by 33.3% during the first quarter. Sweeney & Michel LLC now owns 5,007 shares of the company’s stock worth $373,000 after purchasing an additional 1,250 shares during the last quarter. Cardinal Point Capital Management ULC purchased a new stake in shares of Global X Defense Tech ETF in the first quarter valued at $393,000. Evolve Private Wealth LLC purchased a new stake in shares of Global X Defense Tech ETF in the first quarter valued at $600,000. Finally, Nations Financial Group Inc. IA ADV increased its stake in Global X Defense Tech ETF by 14.4% in the first quarter. Nations Financial Group Inc. IA ADV now owns 10,144 shares of the company’s stock valued at $719,000 after purchasing an additional 1,280 shares during the last quarter. Institutional investors and hedge funds own 57.57% of the company’s stock.

Global X Defense Tech ETF Trading Down 2.8%

NYSEARCA SHLD opened at $58.88 on Thursday. The business’s 50-day moving average price is $65.80 and its 200 day moving average price is $70.06. Global X Defense Tech ETF has a twelve month low of $58.08 and a twelve month high of $78.49. The company has a market capitalization of $6.99 billion, a PE ratio of -4.86 and a beta of 0.20.

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.