Ascentis Independent Advisors bought a new stake in Global X Defense Tech ETF (NYSEARCA:SHLD – Free Report) during the first quarter, Holdings Channel.com reports. The firm bought 19,979 shares of the company’s stock, valued at approximately $1,415,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Financial Life Planners acquired a new position in shares of Global X Defense Tech ETF during the first quarter worth $26,000. Evolution Wealth Management Inc. lifted its stake in shares of Global X Defense Tech ETF by 57.0% in the 1st quarter. Evolution Wealth Management Inc. now owns 793 shares of the company’s stock valued at $56,000 after acquiring an additional 288 shares during the last quarter. Advocate Investing Services LLC acquired a new stake in shares of Global X Defense Tech ETF during the 1st quarter valued at $177,000. Oregon Pacific Wealth Management LLC acquired a new stake in shares of Global X Defense Tech ETF during the 1st quarter valued at $205,000. Finally, Partners Wealth Management LLC bought a new stake in Global X Defense Tech ETF during the 1st quarter worth $213,000. Institutional investors own 57.57% of the company’s stock.
Global X Defense Tech ETF Stock Up 1.4%
Shares of SHLD opened at $64.84 on Tuesday. Global X Defense Tech ETF has a 12-month low of $57.89 and a 12-month high of $78.49. The business has a 50-day simple moving average of $64.01 and a two-hundred day simple moving average of $69.89. The stock has a market cap of $7.41 billion, a PE ratio of -5.35 and a beta of 0.29.
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.
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