Tsfg LLC Sells 81,851 Shares of Global X Defense Tech ETF $SHLD

Tsfg LLC lessened its stake in Global X Defense Tech ETF (NYSEARCA:SHLD) by 96.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 2,832 shares of the company’s stock after selling 81,851 shares during the quarter. Tsfg LLC’s holdings in Global X Defense Tech ETF were worth $169,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of SHLD. Solstein Capital LLC grew its position in Global X Defense Tech ETF by 34.5% during the 2nd quarter. Solstein Capital LLC now owns 44,211 shares of the company’s stock valued at $2,640,000 after purchasing an additional 11,352 shares during the last quarter. Wedbush Securities Inc. increased its stake in Global X Defense Tech ETF by 7,064.6% during the 2nd quarter. Wedbush Securities Inc. now owns 373,205 shares of the company’s stock valued at $11,498,000 after purchasing an additional 367,996 shares in the last quarter. Walker Asset Management LLC raised its holdings in Global X Defense Tech ETF by 13.1% in the second quarter. Walker Asset Management LLC now owns 8,963 shares of the company’s stock worth $535,000 after buying an additional 1,035 shares during the last quarter. Accel Wealth Management raised its holdings in Global X Defense Tech ETF by 7.7% in the second quarter. Accel Wealth Management now owns 34,597 shares of the company’s stock worth $2,066,000 after buying an additional 2,469 shares during the last quarter. Finally, KWB Wealth lifted its stake in shares of Global X Defense Tech ETF by 100.5% in the second quarter. KWB Wealth now owns 204,879 shares of the company’s stock worth $12,233,000 after buying an additional 102,702 shares in the last quarter. Institutional investors own 57.57% of the company’s stock.

Global X Defense Tech ETF Stock Performance

Shares of NYSEARCA SHLD opened at $64.11 on Wednesday. The firm’s 50 day moving average price is $64.23 and its 200-day moving average price is $67.87. Global X Defense Tech ETF has a 52-week low of $57.89 and a 52-week high of $78.49. The company has a market cap of $7.12 billion, a PE ratio of -5.29 and a beta of 0.27.

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.