Newport Capital Group LLC Acquires New Shares in Global X Defense Tech ETF $SHLD

Newport Capital Group LLC acquired a new position in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 62,341 shares of the company’s stock, valued at approximately $4,041,000. Global X Defense Tech ETF accounts for approximately 2.7% of Newport Capital Group LLC’s investment portfolio, making the stock its 13th biggest position.

Other institutional investors have also recently made changes to their positions in the company. Activest Wealth Management lifted its stake in shares of Global X Defense Tech ETF by 2.4% in the 3rd quarter. Activest Wealth Management now owns 7,112 shares of the company’s stock valued at $427,000 after purchasing an additional 168 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Global X Defense Tech ETF by 12.1% in the first quarter. EverSource Wealth Advisors LLC now owns 1,681 shares of the company’s stock valued at $119,000 after buying an additional 181 shares in the last quarter. Seamount Financial Group Inc. raised its position in shares of Global X Defense Tech ETF by 4.7% in the first quarter. Seamount Financial Group Inc. now owns 5,949 shares of the company’s stock worth $421,000 after acquiring an additional 267 shares during the period. Evolution Wealth Management Inc. boosted its stake in shares of 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 acquiring an additional 288 shares in the last quarter. Finally, Quantum Portfolio Management LLC boosted its stake 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 acquiring an additional 348 shares in the last quarter. 57.57% of the stock is owned by hedge funds and other institutional investors.

Global X Defense Tech ETF Stock Up 1.4%

Shares of NYSEARCA:SHLD traded up $0.83 during trading on Friday, reaching $61.48. 776,614 shares of the company’s stock traded hands, compared to its average volume of 1,738,205. Global X Defense Tech ETF has a fifty-two week low of $57.89 and a fifty-two week high of $78.49. The firm has a market cap of $6.48 billion, a PE ratio of -5.08 and a beta of 0.33. The company has a 50-day simple moving average of $63.61 and a 200-day simple moving average of $64.85.

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.