Global X Defense Tech ETF $SHLD Shares Sold by Courier Capital LLC

Courier Capital LLC cut its holdings in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) by 77.7% in the third quarter, HoldingsChannel.com reports. The firm owned 26,202 shares of the company’s stock after selling 91,517 shares during the quarter. Courier Capital LLC’s holdings in Global X Defense Tech ETF were worth $1,574,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its position in shares of Global X Defense Tech ETF by 12.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,681 shares of the company’s stock worth $119,000 after purchasing an additional 181 shares during the last quarter. Seamount Financial Group Inc. lifted its position in Global X Defense Tech ETF by 4.7% in the first quarter. Seamount Financial Group Inc. now owns 5,949 shares of the company’s stock valued at $421,000 after buying an additional 267 shares during the last quarter. Evolution Wealth Management Inc. lifted its position in Global X Defense Tech ETF by 57.0% in the first quarter. Evolution Wealth Management Inc. now owns 793 shares of the company’s stock valued at $56,000 after buying an additional 288 shares during the last quarter. Quantum Portfolio Management LLC lifted its position in Global X Defense Tech ETF by 3.2% in the first quarter. Quantum Portfolio Management LLC now owns 11,131 shares of the company’s stock valued at $789,000 after buying an additional 348 shares during the last quarter. Finally, American Institute for Advanced Investment Management LLP boosted its stake in Global X Defense Tech ETF by 1.5% during the first quarter. American Institute for Advanced Investment Management LLP now owns 23,332 shares of the company’s stock worth $1,653,000 after buying an additional 350 shares during the period. 57.57% of the stock is owned by institutional investors and hedge funds.

Global X Defense Tech ETF Stock Down 0.8%

SHLD stock traded down $0.49 during mid-day trading on Tuesday, hitting $59.34. 1,202,494 shares of the company were exchanged, compared to its average volume of 1,749,656. Global X Defense Tech ETF has a 12-month low of $57.89 and a 12-month high of $78.49. The firm has a market capitalization of $6.31 billion, a P/E ratio of -4.90 and a beta of 0.33. The business has a fifty day simple moving average of $64.22 and a 200-day simple moving average of $65.13.

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.