Kestra Advisory Services LLC Purchases 26,484 Shares of Global X Defense Tech ETF $SHLD

Kestra Advisory Services LLC boosted its position in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) by 47.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 81,768 shares of the company’s stock after acquiring an additional 26,484 shares during the period. Kestra Advisory Services LLC’s holdings in Global X Defense Tech ETF were worth $5,792,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Seamount Financial Group Inc. increased its position in shares of Global X Defense Tech ETF by 4.7% during the first quarter. Seamount Financial Group Inc. now owns 5,949 shares of the company’s stock worth $421,000 after purchasing an additional 267 shares in the last quarter. Evolution Wealth Management Inc. boosted its position in shares of Global X Defense Tech ETF by 57.0% in the 1st quarter. Evolution Wealth Management Inc. now owns 793 shares of the company’s stock worth $56,000 after purchasing an additional 288 shares in the last quarter. Quantum Portfolio Management LLC grew its stake in Global X Defense Tech ETF by 3.2% during the 1st quarter. Quantum Portfolio Management LLC now owns 11,131 shares of the company’s stock worth $789,000 after buying an additional 348 shares during the last quarter. American Institute for Advanced Investment Management LLP grew its stake in Global X Defense Tech ETF by 1.5% during the 1st quarter. American Institute for Advanced Investment Management LLP now owns 23,332 shares of the company’s stock worth $1,653,000 after buying an additional 350 shares during the last quarter. Finally, Financial Life Planners acquired a new position in Global X Defense Tech ETF during the 1st quarter valued at about $26,000. 57.57% of the stock is owned by hedge funds and other institutional investors.

Global X Defense Tech ETF Stock Performance

Shares of SHLD stock opened at $60.26 on Thursday. Global X Defense Tech ETF has a fifty-two week low of $57.89 and a fifty-two week high of $78.49. The firm has a market capitalization of $6.80 billion, a price-to-earnings ratio of -4.98 and a beta of 0.29. The stock’s 50-day simple moving average is $63.16 and its 200-day simple moving average is $69.69.

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.