Global X Defense Tech ETF $SHLD Shares Acquired by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC increased its position in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) by 20.3% during the 1st quarter, HoldingsChannel.com reports. The firm owned 74,424 shares of the company’s stock after purchasing an additional 12,537 shares during the period. Kestra Private Wealth Services LLC’s holdings in Global X Defense Tech ETF were worth $5,272,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Signal Advisors Wealth LLC increased its stake in Global X Defense Tech ETF by 45.5% during the first quarter. Signal Advisors Wealth LLC now owns 4,831 shares of the company’s stock valued at $342,000 after purchasing an additional 1,510 shares during the last quarter. Sweeney & Michel LLC grew its position in shares of Global X Defense Tech ETF by 33.3% during the 1st quarter. Sweeney & Michel LLC now owns 5,007 shares of the company’s stock valued at $373,000 after buying an additional 1,250 shares during the last quarter. Cardinal Point Capital Management ULC acquired a new stake in Global X Defense Tech ETF during the first quarter worth about $393,000. Evolve Private Wealth LLC acquired a new stake in Global X Defense Tech ETF during the first quarter worth about $600,000. Finally, Nations Financial Group Inc. IA ADV lifted its holdings in Global X Defense Tech ETF by 14.4% in the first quarter. Nations Financial Group Inc. IA ADV now owns 10,144 shares of the company’s stock worth $719,000 after acquiring an additional 1,280 shares during the last quarter. Institutional investors and hedge funds own 57.57% of the company’s stock.

Global X Defense Tech ETF Stock Up 0.3%

Shares of SHLD stock opened at $58.39 on Friday. The company has a market cap of $6.93 billion, a P/E ratio of -4.82 and a beta of 0.20. The business has a 50 day moving average of $65.16 and a two-hundred day moving average of $69.95. Global X Defense Tech ETF has a 52 week low of $57.89 and a 52 week high of $78.49.

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.