Pettinga Financial Advisors LLC Has $9.45 Million Stake in Global X Defense Tech ETF $SHLD

Pettinga Financial Advisors LLC raised its stake in Global X Defense Tech ETF (NYSEARCA:SHLD) by 20.7% in the second quarter, Holdings Channel reports. The fund owned 158,324 shares of the company’s stock after purchasing an additional 27,137 shares during the quarter. Global X Defense Tech ETF accounts for approximately 1.5% of Pettinga Financial Advisors LLC’s investment portfolio, making the stock its 20th largest holding. Pettinga Financial Advisors LLC’s holdings in Global X Defense Tech ETF were worth $9,454,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Bank of America Corp DE grew its holdings in shares of Global X Defense Tech ETF by 30.9% during the 1st quarter. Bank of America Corp DE now owns 9,575,995 shares of the company’s stock valued at $678,363,000 after purchasing an additional 2,262,272 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its stake in Global X Defense Tech ETF by 151.1% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,645,365 shares of the company’s stock valued at $329,078,000 after purchasing an additional 2,795,100 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd acquired a new stake in Global X Defense Tech ETF in the first quarter valued at approximately $120,428,000. Royal Bank of Canada boosted its position in Global X Defense Tech ETF by 49.9% in the first quarter. Royal Bank of Canada now owns 817,433 shares of the company’s stock valued at $57,907,000 after buying an additional 271,959 shares in the last quarter. Finally, Sanctuary Advisors LLC grew its stake in shares of Global X Defense Tech ETF by 41.1% during the first quarter. Sanctuary Advisors LLC now owns 770,947 shares of the company’s stock worth $54,614,000 after buying an additional 224,582 shares during the last quarter. 57.57% of the stock is currently owned by institutional investors and hedge funds.

Global X Defense Tech ETF Stock Performance

Shares of NYSEARCA:SHLD opened at $69.04 on Monday. The company has a fifty day moving average of $62.64 and a 200-day moving average of $68.73. The company has a market capitalization of $7.67 billion, a PE ratio of -5.70 and a beta of 0.27. 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.