Cetera Investment Advisers Grows Stake in Global X Defense Tech ETF $SHLD

Cetera Investment Advisers boosted its stake in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) by 27.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 654,029 shares of the company’s stock after acquiring an additional 141,371 shares during the quarter. Cetera Investment Advisers owned about 0.55% of Global X Defense Tech ETF worth $46,331,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Financial Life Planners purchased a new position in shares of Global X Defense Tech ETF in the 1st quarter worth approximately $26,000. Evolution Wealth Management Inc. increased its position in shares of 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 last quarter. International Assets Investment Management LLC raised its holdings in Global X Defense Tech ETF by 75.8% during the 1st quarter. International Assets Investment Management LLC now owns 1,695 shares of the company’s stock valued at $125,000 after buying an additional 731 shares during the period. Main Street Group LTD purchased a new stake in Global X Defense Tech ETF during the 1st quarter valued at $126,000. Finally, PeakShares LLC bought a new stake in Global X Defense Tech ETF in the first quarter worth $140,000. 57.57% of the stock is currently owned by hedge funds and other institutional investors.

Global X Defense Tech ETF Stock Up 0.4%

NYSEARCA SHLD opened at $63.01 on Friday. The company has a fifty day moving average of $62.68 and a two-hundred day moving average of $69.44. The firm has a market capitalization of $7.05 billion, a price-to-earnings ratio of -5.20 and a beta of 0.29. Global X Defense Tech ETF has a 52 week low of $57.89 and a 52 week high of $78.49.

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.