Beacon Financial Group Buys 31,919 Shares of Global X Defense Tech ETF $SHLD

Beacon Financial Group lifted its position in Global X Defense Tech ETF (NYSEARCA:SHLD) by 45.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 102,549 shares of the company’s stock after purchasing an additional 31,919 shares during the period. Beacon Financial Group owned 0.09% of Global X Defense Tech ETF worth $7,265,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Triad Wealth Partners LLC increased its stake in shares of Global X Defense Tech ETF by 112.9% during 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 period. CFS Investment Advisory Services LLC lifted its stake in Global X Defense Tech ETF by 67.3% in the first quarter. CFS Investment Advisory Services LLC now owns 179,757 shares of the company’s stock worth $13,185,000 after acquiring an additional 72,281 shares during the period. Private Advisor Group LLC grew its holdings in Global X Defense Tech ETF by 36.5% during the 1st 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 in the last quarter. Horst & Graben Wealth Management LLC grew its holdings in Global X Defense Tech ETF by 74.5% during the 1st quarter. Horst & Graben Wealth Management LLC now owns 154,953 shares of the company’s stock worth $10,456,000 after acquiring an additional 66,173 shares in the last quarter. Finally, EWA LLC increased its position in Global X Defense Tech ETF by 66.8% during the 1st quarter. EWA LLC now owns 129,631 shares of the company’s stock valued at $9,183,000 after purchasing an additional 51,899 shares during the period. Institutional investors own 57.57% of the company’s stock.

Global X Defense Tech ETF Stock Performance

NYSEARCA:SHLD opened at $61.46 on Friday. Global X Defense Tech ETF has a one year low of $57.89 and a one year high of $78.49. The firm has a market cap of $6.98 billion, a P/E ratio of -5.08 and a beta of 0.29. The firm has a 50-day simple moving average of $63.73 and a 200-day simple moving average of $69.86.

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.