Global X Defense Tech ETF $SHLD Shares Sold by Parkway Wealth Management Group LLC

Parkway Wealth Management Group LLC trimmed its holdings in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) by 21.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 494,788 shares of the company’s stock after selling 132,446 shares during the quarter. Global X Defense Tech ETF comprises 4.7% of Parkway Wealth Management Group LLC’s portfolio, making the stock its 4th biggest holding. Parkway Wealth Management Group LLC owned 0.42% of Global X Defense Tech ETF worth $36,738,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in SHLD. Rockefeller Capital Management L.P. increased its holdings in shares of Global X Defense Tech ETF by 19.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 77,000 shares of the company’s stock valued at $4,989,000 after acquiring an additional 12,702 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its holdings in Global X Defense Tech ETF by 14.4% during the first quarter. Nations Financial Group Inc. IA ADV now owns 10,144 shares of the company’s stock valued at $719,000 after purchasing an additional 1,280 shares during the last quarter. Fortem Financial Group LLC grew its holdings in Global X Defense Tech ETF by 1,664.5% during the first quarter. Fortem Financial Group LLC now owns 75,873 shares of the company’s stock valued at $5,375,000 after purchasing an additional 71,573 shares during the last quarter. Triad Wealth Partners LLC raised its position in shares of Global X Defense Tech ETF by 112.9% in the first quarter. Triad Wealth Partners LLC now owns 214,036 shares of the company’s stock valued at $15,162,000 after purchasing an additional 113,480 shares during the period. Finally, Terra Nova Asset Management LLC lifted its stake in shares of Global X Defense Tech ETF by 3.3% in the first quarter. Terra Nova Asset Management LLC now owns 24,589 shares of the company’s stock worth $1,742,000 after buying an additional 783 shares during the last quarter. Institutional investors and hedge funds own 57.57% of the company’s stock.

Global X Defense Tech ETF Trading Down 1.2%

NYSEARCA:SHLD opened at $58.20 on Friday. The firm has a market capitalization of $6.91 billion, a PE ratio of -4.81 and a beta of 0.20. Global X Defense Tech ETF has a 1 year low of $58.08 and a 1 year high of $78.49. The firm’s fifty day simple moving average is $65.48 and its 200 day simple moving average is $70.03.

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.