Global X Defense Tech ETF $SHLD Stake Cut by Foguth Wealth Management LLC.

Foguth Wealth Management LLC. reduced its position in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) by 35.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 84,988 shares of the company’s stock after selling 46,090 shares during the period. Foguth Wealth Management LLC.’s holdings in Global X Defense Tech ETF were worth $5,225,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in Global X Defense Tech ETF by 151.1% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,645,365 shares of the company’s stock valued at $329,078,000 after acquiring an additional 2,795,100 shares during the last quarter. Bank of America Corp DE grew its position in Global X Defense Tech ETF by 30.9% in the first quarter. Bank of America Corp DE now owns 9,575,995 shares of the company’s stock worth $678,363,000 after acquiring an additional 2,262,272 shares during the period. Clal Insurance Enterprises Holdings Ltd acquired a new stake in Global X Defense Tech ETF during the first quarter worth $120,428,000. Wedbush Securities Inc. increased its stake in Global X Defense Tech ETF by 7,064.6% during the second quarter. Wedbush Securities Inc. now owns 373,205 shares of the company’s stock worth $11,498,000 after acquiring an additional 367,996 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in Global X Defense Tech ETF by 30.5% during the second quarter. Envestnet Asset Management Inc. now owns 1,362,699 shares of the company’s stock worth $81,367,000 after acquiring an additional 318,805 shares during the last quarter. Hedge funds and other institutional investors own 57.57% of the company’s stock.

Global X Defense Tech ETF Stock Performance

Shares of Global X Defense Tech ETF stock traded down $0.00 during trading hours on Monday, hitting $61.48. The company’s stock had a trading volume of 380,638 shares, compared to its average volume of 1,731,331. The stock has a market cap of $6.47 billion, a price-to-earnings ratio of -5.08 and a beta of 0.33. Global X Defense Tech ETF has a twelve month low of $57.89 and a twelve month high of $78.49. The firm has a fifty day moving average of $63.61 and a 200-day moving average of $64.83.

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.