Wedbush Securities Inc. Sells 368,307 Shares of Global X Defense Tech ETF $SHLD

Wedbush Securities Inc. reduced its stake in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) by 98.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,898 shares of the company’s stock after selling 368,307 shares during the period. Wedbush Securities Inc.’s holdings in Global X Defense Tech ETF were worth $294,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of America Corp DE boosted its stake 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 worth $678,363,000 after acquiring an additional 2,262,272 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of 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 valued at $329,078,000 after acquiring 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 during the 1st quarter valued at about $120,428,000. Envestnet Asset Management Inc. raised its stake in shares of Global X Defense Tech ETF by 30.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,362,699 shares of the company’s stock valued at $81,367,000 after acquiring an additional 318,805 shares in the last quarter. Finally, Royal Bank of Canada raised 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 acquiring an additional 271,959 shares in the last quarter. Institutional investors and hedge funds own 57.57% of the company’s stock.

Global X Defense Tech ETF Stock Performance

SHLD opened at $63.29 on Thursday. The business has a 50 day moving average price of $62.50 and a 200 day moving average price of $67.49. Global X Defense Tech ETF has a twelve month low of $57.89 and a twelve month high of $78.49. The firm has a market cap of $6.59 billion, a P/E ratio of -5.23 and a beta of 0.33.

Global X Defense Tech ETF Company 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.