Sowell Financial Services LLC acquired a new stake in shares of Global X Defense Tech ETF (NYSEARCA:SHLD – Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 10,888 shares of the company’s stock, valued at approximately $654,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of SHLD. Winthrop Advisory Group LLC acquired a new stake in shares of Global X Defense Tech ETF in the third quarter valued at about $223,000. Manchester Capital Management LLC acquired a new position in Global X Defense Tech ETF during the third quarter worth about $32,000. Sharkey Howes & Javer acquired a new position in Global X Defense Tech ETF during the third quarter worth about $6,591,000. Brookstone Capital Management acquired a new stake in Global X Defense Tech ETF in the 3rd quarter valued at about $1,795,000. Finally, Carter Financial Group INC. raised its holdings in Global X Defense Tech ETF by 1.5% in the 3rd quarter. Carter Financial Group INC. now owns 27,794 shares of the company’s stock valued at $1,670,000 after acquiring an additional 408 shares during the last quarter. 57.57% of the stock is owned by hedge funds and other institutional investors.
Global X Defense Tech ETF Price Performance
NYSEARCA:SHLD opened at $63.56 on Tuesday. The firm has a market capitalization of $6.62 billion, a price-to-earnings ratio of -5.25 and a beta of 0.33. The company’s 50-day moving average is $62.27 and its two-hundred day moving average is $67.31. Global X Defense Tech ETF has a 1-year low of $57.89 and a 1-year high of $78.49.
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.
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