Cardinal Strategic Wealth Guidance Boosts Stock Holdings in Global X Defense Tech ETF $SHLD

Cardinal Strategic Wealth Guidance raised its stake in Global X Defense Tech ETF (NYSEARCA:SHLD) by 17.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 81,519 shares of the company’s stock after purchasing an additional 12,326 shares during the quarter. Global X Defense Tech ETF comprises approximately 1.5% of Cardinal Strategic Wealth Guidance’s holdings, making the stock its 15th biggest holding. Cardinal Strategic Wealth Guidance’s holdings in Global X Defense Tech ETF were worth $5,775,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in SHLD. Triad Wealth Partners LLC increased its holdings in shares of Global X Defense Tech ETF by 112.9% during the 1st quarter. Triad Wealth Partners LLC now owns 214,036 shares of the company’s stock worth $15,162,000 after buying an additional 113,480 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in Global X Defense Tech ETF by 19.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 77,000 shares of the company’s stock valued at $4,989,000 after acquiring an additional 12,702 shares during the last quarter. Fortem Financial Group LLC grew its position in Global X Defense Tech ETF by 1,664.5% during the first quarter. Fortem Financial Group LLC now owns 75,873 shares of the company’s stock valued at $5,375,000 after acquiring an additional 71,573 shares during the period. SWP Financial LLC grew its position in Global X Defense Tech ETF by 32.7% during the first quarter. SWP Financial LLC now owns 44,884 shares of the company’s stock valued at $3,180,000 after acquiring an additional 11,071 shares during the period. Finally, Spectrum Planning & Advisory Services Inc. grew its position in Global X Defense Tech ETF by 47.5% during the first quarter. Spectrum Planning & Advisory Services Inc. now owns 34,944 shares of the company’s stock valued at $2,475,000 after acquiring an additional 11,247 shares during the period. 57.57% of the stock is owned by hedge funds and other institutional investors.

Global X Defense Tech ETF Price Performance

Shares of NYSEARCA:SHLD opened at $58.88 on Thursday. The business has a 50-day moving average of $65.80 and a two-hundred day moving average of $70.06. The firm has a market capitalization of $6.99 billion, a PE ratio of -4.86 and a beta of 0.20. Global X Defense Tech ETF has a 12 month low of $58.08 and a 12 month high of $78.49.

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.