AlTi Global Inc. Raises Position in Global X Defense Tech ETF $SHLD

AlTi Global Inc. boosted its stake in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) by 158.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,669 shares of the company’s stock after purchasing an additional 8,987 shares during the period. AlTi Global Inc.’s holdings in Global X Defense Tech ETF were worth $1,039,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Scarborough Advisors LLC grew its stake in shares of Global X Defense Tech ETF by 59.9% during the 1st quarter. Scarborough Advisors LLC now owns 145,442 shares of the company’s stock valued at $10,303,000 after acquiring an additional 54,508 shares during the period. Parallel Advisors LLC lifted its holdings in Global X Defense Tech ETF by 19.1% during the first quarter. Parallel Advisors LLC now owns 7,470 shares of the company’s stock valued at $529,000 after purchasing an additional 1,196 shares in the last quarter. Decker Wealth Management LLC purchased a new position in Global X Defense Tech ETF during the first quarter valued at approximately $14,044,000. Marshall & Sterling Wealth Advisors Inc. boosted its position in shares of Global X Defense Tech ETF by 6.0% in the first quarter. Marshall & Sterling Wealth Advisors Inc. now owns 24,480 shares of the company’s stock worth $1,734,000 after purchasing an additional 1,377 shares during the period. Finally, Valley Wealth Managers Inc. boosted its position in shares of Global X Defense Tech ETF by 16.6% in the first quarter. Valley Wealth Managers Inc. now owns 193,621 shares of the company’s stock worth $13,716,000 after purchasing an additional 27,529 shares during the period. 57.57% of the stock is owned by hedge funds and other institutional investors.

Global X Defense Tech ETF Price Performance

Shares of NYSEARCA SHLD opened at $60.03 on Tuesday. The stock has a market cap of $6.74 billion, a PE ratio of -4.96 and a beta of 0.29. 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 fifty day moving average price of $62.84 and a 200-day moving average price of $69.58.

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.