Assetmark Inc. Boosts Stake in Global X Defense Tech ETF $SHLD

Assetmark Inc. raised its stake in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) by 60.4% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 58,159 shares of the company’s stock after acquiring an additional 21,906 shares during the period. Assetmark Inc.’s holdings in Global X Defense Tech ETF were worth $4,120,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of SHLD. Chatterton & Associates Inc. boosted its stake in shares of Global X Defense Tech ETF by 121.0% during the 1st quarter. Chatterton & Associates Inc. now owns 20,999 shares of the company’s stock worth $1,559,000 after acquiring an additional 11,499 shares during the last quarter. EWA LLC raised its stake 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. Kestra Private Wealth Services LLC lifted its holdings in shares of Global X Defense Tech ETF by 20.3% in the first quarter. Kestra Private Wealth Services LLC now owns 74,424 shares of the company’s stock worth $5,272,000 after buying an additional 12,537 shares in the last quarter. Beacon Financial Group boosted its holdings in shares of Global X Defense Tech ETF by 45.2% during the 1st quarter. Beacon Financial Group now owns 102,549 shares of the company’s stock valued at $7,265,000 after purchasing an additional 31,919 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its holdings in Global X Defense Tech ETF by 19.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 77,000 shares of the company’s stock valued at $4,989,000 after buying an additional 12,702 shares in the last quarter. Hedge funds and other institutional investors own 57.57% of the company’s stock.

Global X Defense Tech ETF Stock Performance

Shares of SHLD opened at $60.73 on Thursday. The company’s fifty day moving average is $62.69 and its 200 day moving average is $69.51. Global X Defense Tech ETF has a fifty-two week low of $57.89 and a fifty-two week high of $78.49. The stock has a market capitalization of $6.82 billion, a PE ratio of -5.01 and a beta of 0.29.

About Global X Defense Tech ETF

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.