Global X Defense Tech ETF $SHLD Shares Acquired by Solstein Capital LLC

Solstein Capital LLC lifted its stake in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) by 34.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 44,211 shares of the company’s stock after purchasing an additional 11,352 shares during the period. Global X Defense Tech ETF comprises about 0.9% of Solstein Capital LLC’s investment portfolio, making the stock its 28th biggest holding. Solstein Capital LLC’s holdings in Global X Defense Tech ETF were worth $2,640,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of SHLD. Bank of America Corp DE increased its holdings in Global X Defense Tech ETF by 30.9% in the first quarter. Bank of America Corp DE now owns 9,575,995 shares of the company’s stock valued at $678,363,000 after buying an additional 2,262,272 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in Global X Defense Tech ETF by 151.1% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,645,365 shares of the company’s stock worth $329,078,000 after buying an additional 2,795,100 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of Global X Defense Tech ETF in the 1st quarter worth approximately $120,428,000. Royal Bank of Canada grew its position in shares of Global X Defense Tech ETF by 49.9% in the 1st quarter. Royal Bank of Canada now owns 817,433 shares of the company’s stock worth $57,907,000 after acquiring an additional 271,959 shares in the last quarter. Finally, Sanctuary Advisors LLC increased its holdings in shares of Global X Defense Tech ETF by 41.1% in the 1st quarter. Sanctuary Advisors LLC now owns 770,947 shares of the company’s stock valued at $54,614,000 after acquiring an additional 224,582 shares during the last quarter. 57.57% of the stock is currently owned by institutional investors and hedge funds.

Global X Defense Tech ETF Trading Down 1.1%

SHLD stock opened at $65.48 on Tuesday. The firm has a market cap of $7.27 billion, a P/E ratio of -5.41 and a beta of 0.27. Global X Defense Tech ETF has a 12-month low of $57.89 and a 12-month high of $78.49. The stock’s 50 day simple moving average is $64.15 and its 200 day simple moving average is $67.93.

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.