KWB Wealth Purchases 102,702 Shares of Global X Defense Tech ETF $SHLD

KWB Wealth boosted its position in Global X Defense Tech ETF (NYSEARCA:SHLD) by 100.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 204,879 shares of the company’s stock after purchasing an additional 102,702 shares during the period. KWB Wealth’s holdings in Global X Defense Tech ETF were worth $12,233,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. EverSource Wealth Advisors LLC lifted its stake in shares of Global X Defense Tech ETF by 12.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,681 shares of the company’s stock worth $119,000 after purchasing an additional 181 shares during the period. Seamount Financial Group Inc. grew its position in Global X Defense Tech ETF by 4.7% during the first quarter. Seamount Financial Group Inc. now owns 5,949 shares of the company’s stock valued at $421,000 after buying an additional 267 shares during the period. Evolution Wealth Management Inc. grew its position in Global X Defense Tech ETF by 57.0% during the first quarter. Evolution Wealth Management Inc. now owns 793 shares of the company’s stock valued at $56,000 after buying an additional 288 shares during the period. Quantum Portfolio Management LLC increased its holdings in Global X Defense Tech ETF by 3.2% during the first quarter. Quantum Portfolio Management LLC now owns 11,131 shares of the company’s stock valued at $789,000 after buying an additional 348 shares during the last quarter. Finally, American Institute for Advanced Investment Management LLP increased its holdings in Global X Defense Tech ETF by 1.5% during the first quarter. American Institute for Advanced Investment Management LLP now owns 23,332 shares of the company’s stock valued at $1,653,000 after buying an additional 350 shares during the last quarter. Hedge funds and other institutional investors own 57.57% of the company’s stock.

Global X Defense Tech ETF Trading Up 1.2%

SHLD opened at $69.85 on Tuesday. The firm’s 50 day simple moving average is $62.72 and its two-hundred day simple moving average is $68.68. The company has a market capitalization of $7.76 billion, a PE ratio of -5.77 and a beta of 0.27. Global X Defense Tech ETF has a 1-year low of $57.89 and a 1-year high of $78.49.

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.