Oppenheimer & Co. Inc. Acquires 31,305 Shares of Global X Defense Tech ETF $SHLD

Oppenheimer & Co. Inc. acquired a new position in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) during the 3rd quarter, Holdings Channel reports. The firm acquired 31,305 shares of the company’s stock, valued at approximately $1,881,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Park Avenue Securities LLC bought a new stake in shares of Global X Defense Tech ETF in the third quarter valued at about $15,530,000. Kingswood Wealth Advisors LLC grew its stake in shares of Global X Defense Tech ETF by 9.3% in the third quarter. Kingswood Wealth Advisors LLC now owns 4,592 shares of the company’s stock valued at $276,000 after acquiring an additional 392 shares in the last quarter. Centerpoint Advisory Group increased its position in Global X Defense Tech ETF by 74.7% during the third quarter. Centerpoint Advisory Group now owns 10,233 shares of the company’s stock worth $615,000 after acquiring an additional 4,375 shares during the period. Beacon Capital Management LLC increased its position in Global X Defense Tech ETF by 14.4% during the third quarter. Beacon Capital Management LLC now owns 98,714 shares of the company’s stock worth $5,931,000 after acquiring an additional 12,410 shares during the period. Finally, Corecam Pte. Ltd. bought a new position in Global X Defense Tech ETF during the third quarter worth about $1,030,000. Institutional investors and hedge funds own 57.57% of the company’s stock.

Global X Defense Tech ETF Stock Down 1.9%

Shares of Global X Defense Tech ETF stock opened at $63.78 on Friday. Global X Defense Tech ETF has a twelve month low of $57.89 and a twelve month high of $78.49. The company has a 50-day simple moving average of $62.34 and a two-hundred day simple moving average of $67.37. The stock has a market capitalization of $6.64 billion, a price-to-earnings ratio of -5.27 and a beta of 0.33.

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.