10,888 Shares in Global X Defense Tech ETF $SHLD Purchased by Sowell Financial Services LLC

Sowell Financial Services LLC bought a new stake in Global X Defense Tech ETF (NYSEARCA:SHLD) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 10,888 shares of the company’s stock, valued at approximately $654,000.

Several other hedge funds also recently bought and sold shares of SHLD. Capstone Capital Management Ltd acquired a new stake in Global X Defense Tech ETF in the third quarter worth $258,000. Diversify Advisory Services LLC grew its holdings in shares of Global X Defense Tech ETF by 480.2% in the 3rd quarter. Diversify Advisory Services LLC now owns 28,173 shares of the company’s stock valued at $1,709,000 after buying an additional 23,317 shares during the period. CFS Investment Advisory Services LLC grew its holdings in shares of Global X Defense Tech ETF by 0.9% in the 3rd quarter. CFS Investment Advisory Services LLC now owns 176,189 shares of the company’s stock valued at $10,582,000 after buying an additional 1,640 shares during the period. Maia Wealth LLC grew its holdings in shares of Global X Defense Tech ETF by 23.7% in the 3rd quarter. Maia Wealth LLC now owns 39,783 shares of the company’s stock valued at $2,390,000 after buying an additional 7,633 shares during the period. Finally, Novem Group increased its position in shares of Global X Defense Tech ETF by 212.0% in the 3rd quarter. Novem Group now owns 28,741 shares of the company’s stock valued at $1,727,000 after buying an additional 19,528 shares in the last quarter. 57.57% of the stock is currently owned by institutional investors and hedge funds.

Global X Defense Tech ETF Price Performance

SHLD opened at $61.89 on Friday. The stock has a market cap of $6.45 billion, a P/E ratio of -5.11 and a beta of 0.33. Global X Defense Tech ETF has a 12 month low of $57.89 and a 12 month high of $78.49. The company has a fifty day simple moving average of $62.76 and a 200 day simple moving average of $64.49.

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.