Independent Financial Group LLC Purchases New Position in Global X Defense Tech ETF $SHLD

Independent Financial Group LLC acquired a new position in Global X Defense Tech ETF (NYSEARCA:SHLD) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 94,557 shares of the company’s stock, valued at approximately $6,698,000. Independent Financial Group LLC owned approximately 0.08% of Global X Defense Tech ETF as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Seamount Financial Group Inc. raised its position in Global X Defense Tech ETF by 4.7% during the 1st quarter. Seamount Financial Group Inc. now owns 5,949 shares of the company’s stock valued at $421,000 after purchasing an additional 267 shares in the last quarter. Evolution Wealth Management Inc. lifted 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 worth $56,000 after buying an additional 288 shares during the period. Quantum Portfolio Management LLC grew its position in shares of Global X Defense Tech ETF by 3.2% during the 1st quarter. Quantum Portfolio Management LLC now owns 11,131 shares of the company’s stock worth $789,000 after buying an additional 348 shares in the last quarter. American Institute for Advanced Investment Management LLP grew its position in shares of Global X Defense Tech ETF by 1.5% during the 1st 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 in the last quarter. Finally, Financial Life Planners purchased a new position in shares of Global X Defense Tech ETF during the first quarter valued at $26,000. 57.57% of the stock is currently owned by hedge funds and other institutional investors.

Global X Defense Tech ETF Price Performance

SHLD stock opened at $59.89 on Friday. The business has a 50-day moving average price of $63.04 and a 200 day moving average price of $69.65. The company has a market capitalization of $6.76 billion, a P/E ratio of -4.95 and a beta of 0.29. Global X Defense Tech ETF has a 1-year low of $57.89 and a 1-year high of $78.49.

Global X Defense Tech ETF Company 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.