258,489 Shares of Global X Defense Tech ETF $SHLD Bought by Park Avenue Securities LLC

Park Avenue Securities LLC bought a new stake in Global X Defense Tech ETF (NYSEARCA:SHLD) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 258,489 shares of the company’s stock, valued at approximately $15,530,000. Park Avenue Securities LLC owned about 0.25% of Global X Defense Tech ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Kingswood Wealth Advisors LLC raised its stake in Global X Defense Tech ETF by 9.3% during the third quarter. Kingswood Wealth Advisors LLC now owns 4,592 shares of the company’s stock worth $276,000 after acquiring an additional 392 shares in the last quarter. Centerpoint Advisory Group lifted its holdings in shares of Global X Defense Tech ETF by 74.7% in the third quarter. Centerpoint Advisory Group now owns 10,233 shares of the company’s stock worth $615,000 after acquiring an additional 4,375 shares during the last quarter. Beacon Capital Management LLC boosted its stake in shares of Global X Defense Tech ETF by 14.4% in the 3rd quarter. Beacon Capital Management LLC now owns 98,714 shares of the company’s stock valued at $5,931,000 after purchasing an additional 12,410 shares in the last quarter. Corecam Pte. Ltd. acquired a new stake in shares of Global X Defense Tech ETF in the 3rd quarter valued at approximately $1,030,000. Finally, Citizens Financial Group Inc. RI acquired a new stake in shares of Global X Defense Tech ETF in the 3rd quarter valued at approximately $1,254,000. Institutional investors own 57.57% of the company’s stock.

Global X Defense Tech ETF Trading Down 0.2%

Shares of Global X Defense Tech ETF stock opened at $63.24 on Wednesday. The firm has a market capitalization of $6.59 billion, a PE ratio of -5.22 and a beta of 0.33. The firm’s 50 day moving average is $62.64 and its 200 day moving average is $67.54. Global X Defense Tech ETF has a 1 year low of $57.89 and a 1 year high of $78.49.

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.