Global X Defense Tech ETF $SHLD Shares Acquired by Bedminster LLC

Bedminster LLC increased its stake in Global X Defense Tech ETF (NYSEARCA:SHLD) by 40.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,230 shares of the company’s stock after purchasing an additional 10,141 shares during the period. Global X Defense Tech ETF accounts for 2.3% of Bedminster LLC’s portfolio, making the stock its 14th largest position. Bedminster LLC’s holdings in Global X Defense Tech ETF were worth $2,496,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SHLD. Triad Wealth Partners LLC lifted its stake in Global X Defense Tech ETF by 112.9% in the first quarter. Triad Wealth Partners LLC now owns 214,036 shares of the company’s stock valued at $15,162,000 after buying an additional 113,480 shares during the last quarter. Private Advisor Group LLC grew its position in shares of Global X Defense Tech ETF by 36.5% during the first quarter. Private Advisor Group LLC now owns 157,842 shares of the company’s stock worth $11,182,000 after acquiring an additional 42,210 shares during the last quarter. EWA LLC increased its holdings in shares of Global X Defense Tech ETF by 66.8% in the 1st quarter. EWA LLC now owns 129,631 shares of the company’s stock worth $9,183,000 after acquiring an additional 51,899 shares during the period. Physician Wealth Advisors Inc. increased its holdings in shares of Global X Defense Tech ETF by 49.5% in the 1st quarter. Physician Wealth Advisors Inc. now owns 124,454 shares of the company’s stock worth $8,816,000 after acquiring an additional 41,210 shares during the period. Finally, Midwest Capital Advisors LLC lifted its position in Global X Defense Tech ETF by 52.2% in the 1st quarter. Midwest Capital Advisors LLC now owns 96,120 shares of the company’s stock valued at $6,809,000 after purchasing an additional 32,971 shares during the last quarter. Institutional investors and hedge funds own 57.57% of the company’s stock.

Global X Defense Tech ETF Stock Up 4.5%

Global X Defense Tech ETF stock opened at $63.96 on Friday. The firm has a 50-day moving average price of $64.22 and a two-hundred day moving average price of $69.89. The firm has a market capitalization of $7.38 billion, a price-to-earnings ratio of -5.28 and a beta of 0.29. Global X Defense Tech ETF has a 52-week low of $57.89 and a 52-week 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.