Global X Defense Tech ETF $SHLD Shares Bought by Buttonwood Financial Group LLC

Buttonwood Financial Group LLC lifted its holdings in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) by 25.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 103,100 shares of the company’s stock after purchasing an additional 20,768 shares during the quarter. Global X Defense Tech ETF comprises about 3.6% of Buttonwood Financial Group LLC’s investment portfolio, making the stock its 10th biggest position. Buttonwood Financial Group LLC owned about 0.09% of Global X Defense Tech ETF worth $6,156,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in SHLD. Bank of America Corp DE grew its holdings in Global X Defense Tech ETF by 30.9% in the 1st quarter. Bank of America Corp DE now owns 9,575,995 shares of the company’s stock valued at $678,363,000 after buying an additional 2,262,272 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of 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 acquiring an additional 2,795,100 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd purchased a new stake in Global X Defense Tech ETF in the first quarter valued at approximately $120,428,000. Royal Bank of Canada increased its position in Global X Defense Tech ETF by 49.9% during the first quarter. Royal Bank of Canada now owns 817,433 shares of the company’s stock worth $57,907,000 after purchasing an additional 271,959 shares during the last quarter. Finally, Sanctuary Advisors LLC raised its stake in Global X Defense Tech ETF by 41.1% during 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. 57.57% of the stock is currently owned by institutional investors and hedge funds.

Global X Defense Tech ETF Stock Down 1.6%

Shares of SHLD opened at $63.11 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 company’s fifty day moving average is $64.31 and its two-hundred day moving average is $67.82. The firm has a market cap of $7.01 billion, a PE ratio of -5.21 and a beta of 0.27.

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.