Cetera Investment Advisers Purchases 141,371 Shares of Global X Defense Tech ETF $SHLD

Cetera Investment Advisers raised its holdings in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) by 27.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 654,029 shares of the company’s stock after buying an additional 141,371 shares during the period. Cetera Investment Advisers’ holdings in Global X Defense Tech ETF were worth $46,331,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Financial Life Planners purchased a new stake in shares of Global X Defense Tech ETF in the first quarter worth approximately $26,000. Evolution Wealth Management Inc. boosted its holdings in Global X Defense Tech ETF by 57.0% during the 1st quarter. Evolution Wealth Management Inc. now owns 793 shares of the company’s stock valued at $56,000 after acquiring an additional 288 shares during the period. International Assets Investment Management LLC grew its position in 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 acquiring an additional 731 shares during the last quarter. Main Street Group LTD bought a new position in Global X Defense Tech ETF in the 1st quarter valued at $126,000. Finally, PeakShares LLC bought a new position in Global X Defense Tech ETF in the 1st quarter valued at $140,000. Institutional investors own 57.57% of the company’s stock.

Global X Defense Tech ETF Stock Up 0.4%

SHLD stock opened at $63.01 on Friday. Global X Defense Tech ETF has a twelve month low of $57.89 and a twelve month high of $78.49. The firm has a market cap of $7.05 billion, a price-to-earnings ratio of -5.20 and a beta of 0.29. The business’s fifty day simple moving average is $62.68 and its two-hundred day simple moving average is $69.44.

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.