CFS Investment Advisory Services LLC Grows Holdings in Global X Defense Tech ETF $SHLD

CFS Investment Advisory Services LLC grew its position in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) by 67.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 179,757 shares of the company’s stock after purchasing an additional 72,281 shares during the period. Global X Defense Tech ETF accounts for about 0.9% of CFS Investment Advisory Services LLC’s investment portfolio, making the stock its 29th largest position. CFS Investment Advisory Services LLC owned about 0.15% of Global X Defense Tech ETF worth $13,185,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Triad Wealth Partners LLC lifted 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. Private Advisor Group LLC raised its holdings in Global X Defense Tech ETF by 36.5% in the 1st quarter. Private Advisor Group LLC now owns 157,842 shares of the company’s stock valued at $11,182,000 after acquiring an additional 42,210 shares during the last quarter. Horst & Graben Wealth Management LLC lifted its stake in shares of 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 purchasing an additional 66,173 shares during the period. EWA LLC lifted its stake in shares of Global X Defense Tech ETF by 66.8% during the 1st quarter. EWA LLC now owns 129,631 shares of the company’s stock worth $9,183,000 after purchasing an additional 51,899 shares during the period. Finally, Physician Wealth Advisors Inc. boosted its holdings in shares of Global X Defense Tech ETF by 49.5% during the first quarter. Physician Wealth Advisors Inc. now owns 124,454 shares of the company’s stock worth $8,816,000 after purchasing an additional 41,210 shares during the last quarter. 57.57% of the stock is currently owned by hedge funds and other institutional investors.

Global X Defense Tech ETF Trading Down 1.8%

Global X Defense Tech ETF stock opened at $62.67 on Thursday. The stock has a fifty day moving average price of $63.84 and a 200 day moving average price of $69.89. Global X Defense Tech ETF has a 52 week low of $57.89 and a 52 week high of $78.49. The firm has a market capitalization of $7.12 billion, a P/E ratio of -5.18 and a beta of 0.29.

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.