Sofi Wealth LLC Sells 46,042 Shares of Global X Defense Tech ETF $SHLD

Sofi Wealth LLC reduced its stake in Global X Defense Tech ETF (NYSEARCA:SHLD) by 5.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 744,037 shares of the company’s stock after selling 46,042 shares during the period. Global X Defense Tech ETF accounts for 2.5% of Sofi Wealth LLC’s portfolio, making the stock its 14th largest position. Sofi Wealth LLC’s holdings in Global X Defense Tech ETF were worth $52,708,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Financial Life Planners bought a new position in shares of Global X Defense Tech ETF in the 1st quarter worth approximately $26,000. Evolution Wealth Management Inc. boosted its position in shares of 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 purchasing an additional 288 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Global X Defense Tech ETF by 75.8% during the first quarter. International Assets Investment Management LLC now owns 1,695 shares of the company’s stock valued at $125,000 after purchasing an additional 731 shares in the last quarter. Advocate Investing Services LLC bought a new position in Global X Defense Tech ETF in the first quarter worth $177,000. Finally, Centerpoint Advisory Group purchased a new position in Global X Defense Tech ETF during the first quarter valued at $202,000. 57.57% of the stock is currently owned by hedge funds and other institutional investors.

Global X Defense Tech ETF Trading Down 0.6%

Shares of SHLD stock opened at $59.89 on Friday. The company’s fifty day moving average price is $63.04 and its 200-day moving average price is $69.65. The stock has a market cap of $6.76 billion, a PE ratio of -4.95 and a beta of 0.29. Global X Defense Tech ETF has a 12 month low of $57.89 and a 12 month high of $78.49.

About Global X Defense Tech ETF

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.