Global X Defense Tech ETF $SHLD Shares Newly Bought by Sharkey Howes & Javer

Sharkey Howes & Javer purchased a new stake in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) during the 3rd quarter, HoldingsChannel.com reports. The firm purchased 109,707 shares of the company’s stock, valued at approximately $6,591,000. Global X Defense Tech ETF makes up 0.8% of Sharkey Howes & Javer’s portfolio, making the stock its 26th largest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of America Corp DE boosted its position in shares of 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 acquiring an additional 2,262,272 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its stake in Global X Defense Tech ETF by 151.1% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,645,365 shares of the company’s stock valued at $329,078,000 after acquiring an additional 2,795,100 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd bought a new stake in Global X Defense Tech ETF during the 1st quarter worth approximately $120,428,000. Envestnet Asset Management Inc. increased its holdings in Global X Defense Tech ETF by 30.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,362,699 shares of the company’s stock worth $81,367,000 after acquiring an additional 318,805 shares during the period. Finally, Royal Bank of Canada increased its holdings in Global X Defense Tech ETF by 49.9% during 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 during the period. 57.57% of the stock is currently owned by institutional investors.

Global X Defense Tech ETF Price Performance

NYSEARCA SHLD opened at $61.89 on Friday. Global X Defense Tech ETF has a 1 year low of $57.89 and a 1 year high of $78.49. The stock has a market capitalization of $6.48 billion, a PE ratio of -5.11 and a beta of 0.33. The company’s 50 day simple moving average is $62.94 and its two-hundred day simple moving average is $64.51.

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.