Kestra Private Wealth Services LLC bought a new position in Global X Defense Tech ETF (NYSEARCA:SHLD – Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 117,629 shares of the company’s stock, valued at approximately $7,067,000. Kestra Private Wealth Services LLC owned 0.11% of Global X Defense Tech ETF as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of the company. CX Institutional bought a new stake in Global X Defense Tech ETF during the second quarter valued at about $29,000. Raleigh Capital Management Inc. lifted its position in shares of Global X Defense Tech ETF by 102.9% in the third quarter. Raleigh Capital Management Inc. now owns 489 shares of the company’s stock valued at $29,000 after acquiring an additional 248 shares in the last quarter. GK Wealth Management LLC purchased a new position in shares of Global X Defense Tech ETF in the third quarter valued at about $32,000. Manchester Capital Management LLC bought a new position in shares of Global X Defense Tech ETF in the third quarter worth about $32,000. Finally, Blue Bell Private Wealth Management LLC bought a new position in shares of Global X Defense Tech ETF in the third quarter worth about $39,000. Institutional investors own 57.57% of the company’s stock.
Global X Defense Tech ETF Stock Down 3.5%
NYSEARCA SHLD opened at $61.16 on Thursday. Global X Defense Tech ETF has a twelve month low of $57.89 and a twelve month high of $78.49. The business has a 50-day moving average price of $62.13 and a 200-day moving average price of $67.16. The firm has a market cap of $6.35 billion, a price-to-earnings ratio of -5.05 and a beta of 0.33.
Global X Defense Tech ETF Company 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.
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