Harel Insurance Investments & Financial Services Ltd. Acquires 2,795,100 Shares of Global X Defense Tech ETF $SHLD

Harel Insurance Investments & Financial Services Ltd. raised its holdings in Global X Defense Tech ETF (NYSEARCA:SHLD) by 151.1% during the 1st quarter, Holdings Channel reports. The institutional investor owned 4,645,365 shares of the company’s stock after acquiring an additional 2,795,100 shares during the quarter. Global X Defense Tech ETF comprises 2.2% of Harel Insurance Investments & Financial Services Ltd.’s holdings, making the stock its 16th biggest holding. Harel Insurance Investments & Financial Services Ltd.’s holdings in Global X Defense Tech ETF were worth $329,078,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SHLD. Rockefeller Capital Management L.P. boosted its stake in shares of Global X Defense Tech ETF by 19.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 77,000 shares of the company’s stock worth $4,989,000 after buying an additional 12,702 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its holdings in shares of Global X Defense Tech ETF by 14.4% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 10,144 shares of the company’s stock valued at $719,000 after acquiring an additional 1,280 shares in the last quarter. Fortem Financial Group LLC increased its position in shares of Global X Defense Tech ETF by 1,664.5% in 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 last quarter. Triad Wealth Partners LLC increased its position in shares of Global X Defense Tech ETF by 112.9% in the first quarter. Triad Wealth Partners LLC now owns 214,036 shares of the company’s stock valued at $15,162,000 after acquiring an additional 113,480 shares during the last quarter. Finally, Terra Nova Asset Management LLC raised its holdings in Global X Defense Tech ETF by 3.3% during the first quarter. Terra Nova Asset Management LLC now owns 24,589 shares of the company’s stock worth $1,742,000 after acquiring an additional 783 shares in the last quarter. 57.57% of the stock is owned by institutional investors.

Global X Defense Tech ETF Stock Performance

SHLD opened at $60.22 on Wednesday. The business’s 50-day simple moving average is $63.32 and its 200 day simple moving average is $69.74. 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 market capitalization of $6.79 billion, a PE ratio of -4.97 and a beta of 0.29.

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.