Quadrant Private Wealth Management LLC Increases Stock Holdings in Global X Defense Tech ETF $SHLD

Quadrant Private Wealth Management LLC boosted its holdings in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) by 49.3% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 48,524 shares of the company’s stock after buying an additional 16,014 shares during the quarter. Quadrant Private Wealth Management LLC’s holdings in Global X Defense Tech ETF were worth $3,437,000 as of its most recent SEC filing.

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

Global X Defense Tech ETF Stock Up 0.3%

SHLD stock opened at $60.06 on Friday. The stock has a market capitalization of $6.74 billion, a PE ratio of -4.96 and a beta of 0.29. Global X Defense Tech ETF has a 52 week low of $57.89 and a 52 week high of $78.49. The firm has a 50 day moving average of $62.94 and a 200 day moving average of $69.58.

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.