Global X Defense Tech ETF $SHLD Shares Sold by Kickstand Ventures LLC.

Kickstand Ventures LLC. lowered its holdings in Global X Defense Tech ETF (NYSEARCA:SHLD) by 74.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,238 shares of the company’s stock after selling 12,139 shares during the period. Kickstand Ventures LLC.’s holdings in Global X Defense Tech ETF were worth $253,000 at the end of the most recent reporting period.

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

Global X Defense Tech ETF Stock Performance

Shares of SHLD stock opened at $62.98 on Friday. The stock has a market capitalization of $6.99 billion, a price-to-earnings ratio of -5.20 and a beta of 0.27. Global X Defense Tech ETF has a one year low of $57.89 and a one year high of $78.49. The company’s 50-day simple moving average is $64.51 and its 200-day simple moving average is $67.73.

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.