Ewa LLC Increases Stock Holdings in Global X Defense Tech ETF $SHLD

Ewa LLC grew its holdings in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) by 66.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 129,631 shares of the company’s stock after acquiring an additional 51,899 shares during the quarter. Global X Defense Tech ETF comprises approximately 2.1% of Ewa LLC’s holdings, making the stock its 10th largest position. Ewa LLC owned approximately 0.11% of Global X Defense Tech ETF worth $9,183,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of SHLD. Advocate Investing Services LLC bought a new stake in shares of Global X Defense Tech ETF during the first quarter valued at about $177,000. Oregon Pacific Wealth Management LLC acquired a new stake in Global X Defense Tech ETF in the first quarter worth about $205,000. Signal Advisors Wealth LLC grew its position 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 buying an additional 1,510 shares in the last quarter. Sweeney & Michel LLC grew its position in Global X Defense Tech ETF by 33.3% in the 1st quarter. Sweeney & Michel LLC now owns 5,007 shares of the company’s stock valued at $373,000 after buying an additional 1,250 shares in the last quarter. Finally, Cardinal Point Capital Management ULC acquired a new position in Global X Defense Tech ETF during the 1st quarter valued at about $393,000. Institutional investors own 57.57% of the company’s stock.

Global X Defense Tech ETF Trading Up 0.5%

SHLD stock opened at $58.70 on Tuesday. Global X Defense Tech ETF has a 52 week low of $57.89 and a 52 week high of $78.49. The company has a market capitalization of $6.96 billion, a price-to-earnings ratio of -4.85 and a beta of 0.20. The firm’s 50-day moving average is $64.86 and its two-hundred day moving average is $69.95.

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.