Global X Defense Tech ETF $SHLD Stake Raised by Brookstone Capital Management

Brookstone Capital Management raised its holdings in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) by 176.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,486 shares of the company’s stock after acquiring an additional 9,245 shares during the period. Brookstone Capital Management’s holdings in Global X Defense Tech ETF were worth $1,026,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in SHLD. Evolve Private Wealth LLC acquired a new stake in Global X Defense Tech ETF in the first quarter worth about $600,000. Nations Financial Group Inc. IA ADV lifted its holdings in shares of 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 buying an additional 1,280 shares during the period. Terra Nova Asset Management LLC boosted its stake in Global X Defense Tech ETF by 3.3% during the first quarter. Terra Nova Asset Management LLC now owns 24,589 shares of the company’s stock valued at $1,742,000 after buying an additional 783 shares in the last quarter. Spectrum Planning & Advisory Services Inc. grew its holdings in Global X Defense Tech ETF by 47.5% during the first quarter. Spectrum Planning & Advisory Services Inc. now owns 34,944 shares of the company’s stock worth $2,475,000 after acquiring an additional 11,247 shares during the period. Finally, Fortem Financial Group LLC grew its holdings in Global X Defense Tech ETF by 1,664.5% during the first quarter. Fortem Financial Group LLC now owns 75,873 shares of the company’s stock worth $5,375,000 after acquiring an additional 71,573 shares during the period. Institutional investors and hedge funds own 57.57% of the company’s stock.

Global X Defense Tech ETF Trading Up 0.3%

Shares of NYSEARCA SHLD opened at $58.39 on Friday. Global X Defense Tech ETF has a twelve month low of $57.89 and a twelve month high of $78.49. The firm has a 50-day moving average of $65.16 and a two-hundred day moving average of $69.95. The company has a market capitalization of $6.93 billion, a price-to-earnings ratio of -4.82 and a beta of 0.20.

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.