Global X Defense Tech ETF $SHLD Stake Boosted by Horst & Graben Wealth Management LLC

Horst & Graben Wealth Management LLC raised its holdings in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) by 74.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 154,953 shares of the company’s stock after purchasing an additional 66,173 shares during the period. Global X Defense Tech ETF comprises about 1.5% of Horst & Graben Wealth Management LLC’s portfolio, making the stock its 25th largest holding. Horst & Graben Wealth Management LLC owned approximately 0.13% of Global X Defense Tech ETF worth $10,456,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of SHLD. Financial Life Planners acquired a new stake in Global X Defense Tech ETF during the first quarter worth about $26,000. Evolution Wealth Management Inc. boosted its stake in Global X Defense Tech ETF by 57.0% during the 1st quarter. Evolution Wealth Management Inc. now owns 793 shares of the company’s stock valued at $56,000 after purchasing an additional 288 shares during the period. Advocate Investing Services LLC bought a new position in Global X Defense Tech ETF in the 1st quarter worth about $177,000. Centerpoint Advisory Group acquired a new stake in shares of Global X Defense Tech ETF in the first quarter valued at approximately $202,000. Finally, Oregon Pacific Wealth Management LLC acquired a new stake in shares of Global X Defense Tech ETF in the first quarter valued at approximately $205,000. 57.57% of the stock is owned by institutional investors and hedge funds.

Global X Defense Tech ETF Trading Down 1.6%

SHLD opened at $63.79 on Wednesday. The business’s 50 day moving average is $63.93 and its 200-day moving average is $69.90. The stock has a market cap of $7.29 billion, a PE ratio of -5.27 and a beta of 0.29. Global X Defense Tech ETF has a twelve month low of $57.89 and a twelve month 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.