Patriot Financial Group Insurance Agency LLC Buys 17,163 Shares of Global X Defense Tech ETF $SHLD

Patriot Financial Group Insurance Agency LLC increased its stake in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) by 230.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,608 shares of the company’s stock after buying an additional 17,163 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Global X Defense Tech ETF were worth $1,743,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. raised its holdings in Global X Defense Tech ETF by 19.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 77,000 shares of the company’s stock valued at $4,989,000 after acquiring an additional 12,702 shares in the last quarter. Nations Financial Group Inc. IA ADV grew its holdings in shares of Global X Defense Tech ETF by 14.4% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 10,144 shares of the company’s stock worth $719,000 after purchasing an additional 1,280 shares in the last quarter. Fortem Financial Group LLC grew its holdings in shares of Global X Defense Tech ETF by 1,664.5% during the 1st quarter. Fortem Financial Group LLC now owns 75,873 shares of the company’s stock worth $5,375,000 after purchasing an additional 71,573 shares in the last quarter. Triad Wealth Partners LLC increased its position in shares of Global X Defense Tech ETF by 112.9% in the first quarter. Triad Wealth Partners LLC now owns 214,036 shares of the company’s stock worth $15,162,000 after purchasing an additional 113,480 shares during the period. Finally, Terra Nova Asset Management LLC increased its position in shares of Global X Defense Tech ETF by 3.3% in the first quarter. Terra Nova Asset Management LLC now owns 24,589 shares of the company’s stock worth $1,742,000 after purchasing an additional 783 shares during the period. Institutional investors own 57.57% of the company’s stock.

Global X Defense Tech ETF Stock Up 0.5%

SHLD stock opened at $58.70 on Tuesday. Global X Defense Tech ETF has a 52 week low of $57.89 and a 52 week high of $78.49. The business has a 50-day simple moving average of $64.86 and a 200 day simple moving average of $69.95. The company has a market cap of $6.96 billion, a PE ratio of -4.85 and a beta of 0.20.

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.