Global X Defense Tech ETF $SHLD Stock Bought by Emergent Wealth Advisors LLC

Emergent Wealth Advisors LLC grew its position in Global X Defense Tech ETF (NYSEARCA:SHLD) by 64.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,464 shares of the company’s stock after buying an additional 18,914 shares during the quarter. Global X Defense Tech ETF makes up approximately 1.5% of Emergent Wealth Advisors LLC’s portfolio, making the stock its 14th largest position. Emergent Wealth Advisors LLC’s holdings in Global X Defense Tech ETF were worth $2,912,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its position in shares of Global X Defense Tech ETF by 12.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,681 shares of the company’s stock valued at $119,000 after acquiring an additional 181 shares in the last quarter. Seamount Financial Group Inc. grew 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 worth $421,000 after purchasing an additional 267 shares in the last quarter. Evolution Wealth Management Inc. grew its position 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 worth $56,000 after purchasing an additional 288 shares in the last quarter. Quantum Portfolio Management LLC raised its stake in 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 valued at $789,000 after purchasing an additional 348 shares during the period. Finally, American Institute for Advanced Investment Management LLP raised its stake in 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 valued at $1,653,000 after purchasing an additional 350 shares during the period. 57.57% of the stock is owned by hedge funds and other institutional investors.

Global X Defense Tech ETF Stock Up 0.8%

SHLD opened at $59.19 on Friday. The firm has a market capitalization of $6.33 billion, a P/E ratio of -4.89 and a beta of 0.33. The stock has a fifty day moving average of $64.38 and a 200-day moving average of $65.31. Global X Defense Tech ETF has a 12-month low of $57.89 and a 12-month high of $78.49.

About Global X Defense Tech ETF

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.