James Investment Research Inc. Sells 8,727 Shares of Global X Defense Tech ETF $SHLD

James Investment Research Inc. lowered its position in Global X Defense Tech ETF (NYSEARCA:SHLD) by 11.0% during the 3rd quarter, Holdings Channel reports. The fund owned 70,939 shares of the company’s stock after selling 8,727 shares during the period. James Investment Research Inc.’s holdings in Global X Defense Tech ETF were worth $4,262,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in SHLD. Bank of America Corp DE increased its holdings 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 valued at $678,363,000 after acquiring an additional 2,262,272 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Global X Defense Tech ETF by 151.1% during 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 during the period. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of Global X Defense Tech ETF during the first quarter worth approximately $120,428,000. Envestnet Asset Management Inc. raised its position in shares of Global X Defense Tech ETF by 30.5% during the second quarter. Envestnet Asset Management Inc. now owns 1,362,699 shares of the company’s stock worth $81,367,000 after purchasing an additional 318,805 shares during the period. Finally, Royal Bank of Canada lifted its holdings 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 worth $57,907,000 after purchasing an additional 271,959 shares in 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 stock opened at $61.89 on Friday. The firm has a fifty day simple moving average of $62.76 and a two-hundred day simple moving average of $64.49. Global X Defense Tech ETF has a 12 month low of $57.89 and a 12 month high of $78.49. The firm has a market capitalization of $6.48 billion, a PE ratio of -5.11 and a beta of 0.33.

About Global X Defense Tech ETF

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.