Global X Defense Tech ETF $SHLD Shares Acquired by Town Capital LLC

Town Capital LLC grew its stake in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) by 43.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,904 shares of the company’s stock after acquiring an additional 12,902 shares during the quarter. Global X Defense Tech ETF comprises approximately 2.5% of Town Capital LLC’s investment portfolio, making the stock its 13th largest holding. Town Capital LLC’s holdings in Global X Defense Tech ETF were worth $3,039,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Harel Insurance Investments & Financial Services Ltd. boosted its stake in Global X Defense Tech ETF by 151.1% in the 1st 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. Bank of America Corp DE lifted its stake in shares of Global X Defense Tech ETF by 30.9% during the first quarter. Bank of America Corp DE now owns 9,575,995 shares of the company’s stock worth $678,363,000 after buying an additional 2,262,272 shares during the period. Clal Insurance Enterprises Holdings Ltd purchased a new stake in shares of Global X Defense Tech ETF during the first quarter valued at $120,428,000. Royal Bank of Canada increased its position 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 during the period. Finally, Sanctuary Advisors LLC raised its stake in Global X Defense Tech ETF by 41.1% in the 1st quarter. Sanctuary Advisors LLC now owns 770,947 shares of the company’s stock worth $54,614,000 after acquiring an additional 224,582 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 SHLD opened at $63.25 on Monday. The stock has a 50-day moving average of $62.56 and a two-hundred day moving average of $69.08. Global X Defense Tech ETF has a one year low of $57.89 and a one year high of $78.49. The stock has a market cap of $7.05 billion, a P/E ratio of -5.22 and a beta of 0.29.

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.