SWP Financial LLC Increases Stake in Global X Defense Tech ETF $SHLD

SWP Financial LLC increased its stake in Global X Defense Tech ETF (NYSEARCA:SHLD) by 32.7% in the first quarter, Holdings Channel.com reports. The institutional investor owned 44,884 shares of the company’s stock after acquiring an additional 11,071 shares during the period. Global X Defense Tech ETF comprises 1.6% of SWP Financial LLC’s holdings, making the stock its 21st largest position. SWP Financial LLC’s holdings in Global X Defense Tech ETF were worth $3,180,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Triad Wealth Partners LLC boosted its position in Global X Defense Tech ETF by 112.9% during the 1st quarter. Triad Wealth Partners LLC now owns 214,036 shares of the company’s stock valued at $15,162,000 after acquiring an additional 113,480 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position in shares of Global X Defense Tech ETF by 19.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 77,000 shares of the company’s stock valued at $4,989,000 after purchasing an additional 12,702 shares in the last quarter. Fortem Financial Group LLC boosted its position in shares of Global X Defense Tech ETF by 1,664.5% during the first quarter. Fortem Financial Group LLC now owns 75,873 shares of the company’s stock valued at $5,375,000 after purchasing an additional 71,573 shares in the last quarter. Spectrum Planning & Advisory Services Inc. boosted its position in shares of Global X Defense Tech ETF by 47.5% during the first quarter. Spectrum Planning & Advisory Services Inc. now owns 34,944 shares of the company’s stock valued at $2,475,000 after purchasing an additional 11,247 shares in the last quarter. Finally, Terra Nova Asset Management LLC grew its stake in Global X Defense Tech ETF by 3.3% in the first quarter. Terra Nova Asset Management LLC now owns 24,589 shares of the company’s stock worth $1,742,000 after purchasing an additional 783 shares during the period. 57.57% of the stock is currently owned by hedge funds and other institutional investors.

Global X Defense Tech ETF Price Performance

NYSEARCA:SHLD opened at $60.59 on Tuesday. The firm’s 50-day moving average price is $66.36 and its 200-day moving average price is $70.10. The company has a market capitalization of $7.19 billion, a PE ratio of -5.00 and a beta of 0.20. Global X Defense Tech ETF has a 1-year low of $57.14 and a 1-year 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.