Wavvest Wealth LLC Purchases New Shares in Global X Defense Tech ETF $SHLD

Wavvest Wealth LLC purchased a new stake 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 Securities & Exchange Commission. The institutional investor purchased 23,745 shares of the company’s stock, valued at approximately $1,427,000. Global X Defense Tech ETF comprises about 1.1% of Wavvest Wealth LLC’s portfolio, making the stock its 24th biggest holding.

Several other hedge funds also recently modified their holdings of the stock. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Global X Defense Tech ETF by 151.1% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,645,365 shares of the company’s stock worth $329,078,000 after purchasing an additional 2,795,100 shares in the last quarter. Bank of America Corp DE increased its stake in Global X Defense Tech ETF by 30.9% during the 1st quarter. Bank of America Corp DE now owns 9,575,995 shares of the company’s stock valued at $678,363,000 after purchasing an additional 2,262,272 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd bought a new stake in Global X Defense Tech ETF during the 1st quarter valued at $120,428,000. 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. Finally, Envestnet Asset Management Inc. raised its holdings in Global X Defense Tech ETF by 30.5% during the second quarter. Envestnet Asset Management Inc. now owns 1,362,699 shares of the company’s stock worth $81,367,000 after buying an additional 318,805 shares during the last quarter. Institutional investors own 57.57% of the company’s stock.

Global X Defense Tech ETF Trading Up 0.4%

Global X Defense Tech ETF stock opened at $61.60 on Thursday. Global X Defense Tech ETF has a 1-year low of $57.89 and a 1-year high of $78.49. The firm has a market capitalization of $6.45 billion, a price-to-earnings ratio of -5.09 and a beta of 0.33. The firm’s fifty day moving average price is $63.11 and its two-hundred day moving average price is $64.59.

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.