Global X Defense Tech ETF (NYSEARCA:SHLD – Get Free Report)’s share price reached a new 52-week low during trading on Friday . The company traded as low as $57.89 and last traded at $58.45, with a volume of 109916 shares. The stock had previously closed at $58.20.
Global X Defense Tech ETF Stock Performance
The company has a fifty day moving average price of $65.48 and a two-hundred day moving average price of $70.03. The company has a market cap of $6.96 billion, a P/E ratio of -4.84 and a beta of 0.20.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of SHLD. Financial Life Planners acquired a new position in shares of Global X Defense Tech ETF during the 1st quarter worth approximately $26,000. Evolution Wealth Management Inc. boosted 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 valued at $56,000 after buying an additional 288 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Global X Defense Tech ETF by 12.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,681 shares of the company’s stock valued at $119,000 after buying an additional 181 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Global X Defense Tech ETF by 75.8% in the 1st quarter. International Assets Investment Management LLC now owns 1,695 shares of the company’s stock valued at $125,000 after buying an additional 731 shares during the last quarter. Finally, Main Street Group LTD bought a new position in shares of Global X Defense Tech ETF in the first quarter valued at $126,000. 57.57% of the stock is currently owned by institutional investors.
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.
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