Daviman Financial LLC Raises Stake in Global X Defense Tech ETF $SHLD

Daviman Financial LLC boosted its stake in Global X Defense Tech ETF (NYSEARCA:SHLD) by 72.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,793 shares of the company’s stock after purchasing an additional 15,398 shares during the quarter. Global X Defense Tech ETF makes up 1.5% of Daviman Financial LLC’s investment portfolio, making the stock its 24th largest position. Daviman Financial LLC’s holdings in Global X Defense Tech ETF were worth $2,606,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. 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 bought a new position in shares of Global X Defense Tech ETF in the first quarter valued at approximately $205,000. Caliber Wealth Management LLC KS bought a new position in shares of Global X Defense Tech ETF in the first quarter valued at approximately $291,000. Signal Advisors Wealth LLC grew its stake in Global X Defense Tech ETF by 45.5% during the first 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 in the last quarter. Finally, Sweeney & Michel LLC grew its stake in 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 valued at $373,000 after acquiring an additional 1,250 shares in the last quarter. Hedge funds and other institutional investors own 57.57% of the company’s stock.

Global X Defense Tech ETF Trading Up 1.7%

Global X Defense Tech ETF stock opened at $59.71 on Wednesday. Global X Defense Tech ETF has a 1-year low of $57.89 and a 1-year high of $78.49. The firm has a market capitalization of $7.08 billion, a PE ratio of -4.93 and a beta of 0.20. The firm’s 50 day simple moving average is $64.58 and its 200 day simple moving average is $69.92.

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.