Valley Wealth Managers Inc. Raises Stock Holdings in Global X Defense Tech ETF $SHLD

Valley Wealth Managers Inc. raised its holdings in Global X Defense Tech ETF (NYSEARCA:SHLD) by 16.6% during the 1st quarter, Holdings Channel reports. The firm owned 193,621 shares of the company’s stock after buying an additional 27,529 shares during the quarter. Valley Wealth Managers Inc.’s holdings in Global X Defense Tech ETF were worth $13,716,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in SHLD. Chatterton & Associates Inc. lifted its holdings in Global X Defense Tech ETF by 121.0% during the first quarter. Chatterton & Associates Inc. now owns 20,999 shares of the company’s stock valued at $1,559,000 after purchasing an additional 11,499 shares in the last quarter. Kestra Private Wealth Services LLC increased its stake in shares of Global X Defense Tech ETF by 20.3% during the first quarter. Kestra Private Wealth Services LLC now owns 74,424 shares of the company’s stock worth $5,272,000 after purchasing an additional 12,537 shares in the last quarter. EWA LLC raised its position 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 last quarter. Beacon Financial Group raised its position 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 worth $7,265,000 after purchasing an additional 31,919 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its position in shares of 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 worth $4,989,000 after purchasing an additional 12,702 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 Up 0.3%

Shares of Global X Defense Tech ETF stock opened at $60.06 on Friday. Global X Defense Tech ETF has a twelve month low of $57.89 and a twelve month high of $78.49. The firm has a market capitalization of $6.74 billion, a PE ratio of -4.96 and a beta of 0.29. The firm’s 50-day moving average price is $62.94 and its 200 day moving average price is $69.58.

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.