Patton Albertson Miller Group LLC Sells 74,418 Shares of Global X Defense Tech ETF $SHLD

Patton Albertson Miller Group LLC reduced its position in Global X Defense Tech ETF (NYSEARCA:SHLD) by 24.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 236,168 shares of the company’s stock after selling 74,418 shares during the period. Global X Defense Tech ETF accounts for approximately 1.4% of Patton Albertson Miller Group LLC’s investment portfolio, making the stock its 19th largest holding. Patton Albertson Miller Group LLC owned approximately 0.23% of Global X Defense Tech ETF worth $14,189,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Global X Defense Tech ETF by 151.1% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,645,365 shares of the company’s stock valued at $329,078,000 after acquiring an additional 2,795,100 shares during the last quarter. Bank of America Corp DE raised its holdings 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 worth $678,363,000 after purchasing an additional 2,262,272 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd bought a new stake in Global X Defense Tech ETF during the 1st quarter worth about $120,428,000. Wedbush Securities Inc. raised its holdings 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 worth $11,498,000 after purchasing an additional 367,996 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in Global X Defense Tech ETF by 30.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,362,699 shares of the company’s stock valued at $81,367,000 after purchasing an additional 318,805 shares during the period. Institutional investors own 57.57% of the company’s stock.

Global X Defense Tech ETF Trading Up 2.4%

Global X Defense Tech ETF stock opened at $63.35 on Tuesday. The company has a market cap of $6.60 billion, a PE ratio of -5.23 and a beta of 0.33. Global X Defense Tech ETF has a 1 year low of $57.89 and a 1 year high of $78.49. The company’s 50-day moving average is $62.77 and its two-hundred day moving average is $67.57.

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.