Scarborough Advisors LLC Grows Stock Position in Global X Defense Tech ETF $SHLD

Scarborough Advisors LLC boosted its position in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) by 59.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 145,442 shares of the company’s stock after purchasing an additional 54,508 shares during the period. Scarborough Advisors LLC owned approximately 0.12% of Global X Defense Tech ETF worth $10,303,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of SHLD. Harel Insurance Investments & Financial Services Ltd. grew its stake 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 purchasing an additional 2,795,100 shares in the last quarter. 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 during the period. Triad Wealth Partners LLC grew its position in shares of Global X Defense Tech ETF by 112.9% during the 1st quarter. Triad Wealth Partners LLC now owns 214,036 shares of the company’s stock valued at $15,162,000 after buying an additional 113,480 shares during the last quarter. Decker Wealth Management LLC acquired a new position in Global X Defense Tech ETF in the first quarter valued at approximately $14,044,000. Finally, Valley Wealth Managers Inc. grew its holdings in shares of Global X Defense Tech ETF by 16.6% during the first quarter. Valley Wealth Managers Inc. now owns 193,621 shares of the company’s stock valued at $13,716,000 after purchasing an additional 27,529 shares during the last quarter. Institutional investors and hedge funds own 57.57% of the company’s stock.

Global X Defense Tech ETF Stock Performance

Shares of Global X Defense Tech ETF stock opened at $60.06 on Monday. The business’s 50 day simple moving average is $62.94 and its 200-day simple moving average is $69.61. The stock has a market capitalization of $6.74 billion, a price-to-earnings ratio of -4.96 and a beta of 0.29. Global X Defense Tech ETF has a twelve month low of $57.89 and a twelve month high of $78.49.

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.