Sei Investments Co. Makes New $5.07 Million Investment in Global X Defense Tech ETF $SHLD

Sei Investments Co. bought a new stake in Global X Defense Tech ETF (NYSEARCA:SHLD) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm bought 71,610 shares of the company’s stock, valued at approximately $5,073,000. Sei Investments Co. owned 0.06% of Global X Defense Tech ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Chatterton & Associates Inc. boosted its position in shares of Global X Defense Tech ETF by 121.0% during the 1st quarter. Chatterton & Associates Inc. now owns 20,999 shares of the company’s stock worth $1,559,000 after acquiring an additional 11,499 shares in the last quarter. Kestra Private Wealth Services LLC raised its position in Global X Defense Tech ETF by 20.3% during the first quarter. Kestra Private Wealth Services LLC now owns 74,424 shares of the company’s stock valued at $5,272,000 after purchasing an additional 12,537 shares in the last quarter. EWA LLC increased its stake in shares of Global X Defense Tech ETF by 66.8% in the 1st quarter. EWA LLC now owns 129,631 shares of the company’s stock valued at $9,183,000 after purchasing an additional 51,899 shares during the last quarter. Valley Wealth Managers Inc. raised its holdings in shares of Global X Defense Tech ETF by 16.6% during the 1st quarter. Valley Wealth Managers Inc. now owns 193,621 shares of the company’s stock worth $13,716,000 after buying an additional 27,529 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC raised its holdings in shares of Global X Defense Tech ETF by 230.5% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 24,608 shares of the company’s stock worth $1,743,000 after buying an additional 17,163 shares in the last quarter. 57.57% of the stock is currently owned by institutional investors and hedge funds.

Global X Defense Tech ETF Stock Up 5.0%

Shares of SHLD stock opened at $67.57 on Wednesday. The business has a fifty day simple moving average of $62.57 and a 200 day simple moving average of $68.93. The company has a market cap of $7.50 billion, a P/E ratio of -5.58 and a beta of 0.27. Global X Defense Tech ETF has a twelve month low of $57.89 and a twelve month 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.