Integrated Wealth Concepts LLC boosted its holdings in Global X Defense Tech ETF (NYSEARCA:SHLD – Free Report) by 73.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 364,559 shares of the company’s stock after acquiring an additional 154,410 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Global X Defense Tech ETF were worth $21,768,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Financial Life Planners bought a new position in shares of Global X Defense Tech ETF in the first quarter valued at $26,000. CX Institutional bought a new stake in shares of Global X Defense Tech ETF during the second quarter worth about $29,000. Evolution Wealth Management Inc. raised its holdings in shares of Global X Defense Tech ETF by 57.0% in the 1st quarter. Evolution Wealth Management Inc. now owns 793 shares of the company’s stock worth $56,000 after acquiring an additional 288 shares during the last quarter. Markowski Investments acquired a new stake in shares of Global X Defense Tech ETF in the 2nd quarter worth about $77,000. Finally, XP Advisory US Inc. bought a new position in Global X Defense Tech ETF in the 2nd quarter valued at about $93,000. Institutional investors own 57.57% of the company’s stock.
Global X Defense Tech ETF Stock Performance
SHLD stock opened at $61.84 on Thursday. The business has a 50-day simple moving average of $64.67 and a two-hundred day simple moving average of $67.45. The company has a market capitalization of $6.87 billion, a P/E ratio of -5.11 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.
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