8,134 Shares in Global X Defense Tech ETF $SHLD Acquired by Sonoma Allocations LLC

Sonoma Allocations LLC acquired a new stake in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 8,134 shares of the company’s stock, valued at approximately $602,000.

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

Global X Defense Tech ETF Trading Up 1.2%

Shares of NYSEARCA:SHLD opened at $62.77 on Friday. The stock has a market capitalization of $7.00 billion, a PE ratio of -5.18 and a beta of 0.29. Global X Defense Tech ETF has a 1 year low of $57.89 and a 1 year high of $78.49. The firm has a fifty day moving average price of $62.60 and a 200 day moving average price of $69.18.

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.