Daviman Financial LLC Boosts Stake in Global X Defense Tech ETF $SHLD

Daviman Financial LLC boosted its holdings in Global X Defense Tech ETF (NYSEARCA:SHLD) by 72.0% during the first quarter, Holdings Channel.com reports. The fund owned 36,793 shares of the company’s stock after buying an additional 15,398 shares during the quarter. Global X Defense Tech ETF accounts for 1.5% of Daviman Financial LLC’s investment portfolio, making the stock its 24th largest holding. Daviman Financial LLC’s holdings in Global X Defense Tech ETF were worth $2,606,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Advocate Investing Services LLC bought a new stake in shares of Global X Defense Tech ETF during the 1st quarter valued at about $177,000. Oregon Pacific Wealth Management LLC bought a new stake in Global X Defense Tech ETF during the first quarter valued at approximately $205,000. Caliber Wealth Management LLC KS purchased a new position in Global X Defense Tech ETF in the 1st quarter worth approximately $291,000. Signal Advisors Wealth LLC increased its holdings in shares of Global X Defense Tech ETF by 45.5% in the 1st quarter. Signal Advisors Wealth LLC now owns 4,831 shares of the company’s stock worth $342,000 after buying an additional 1,510 shares during the last quarter. Finally, Sweeney & Michel LLC raised 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 in the last quarter. Hedge funds and other institutional investors own 57.57% of the company’s stock.

Global X Defense Tech ETF Stock Performance

Shares of NYSEARCA:SHLD opened at $59.71 on Wednesday. The firm has a market capitalization of $7.08 billion, a PE ratio of -4.93 and a beta of 0.20. Global X Defense Tech ETF has a 52-week low of $57.89 and a 52-week high of $78.49. The firm has a fifty day moving average of $64.58 and a 200 day moving average of $69.92.

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.