Global X Defense Tech ETF $SHLD Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC grew its stake in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) by 168.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,989 shares of the company’s stock after purchasing an additional 31,982 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Global X Defense Tech ETF were worth $3,612,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Chatterton & Associates Inc. boosted its position in Global X Defense Tech ETF by 121.0% during the 1st quarter. Chatterton & Associates Inc. now owns 20,999 shares of the company’s stock valued at $1,559,000 after purchasing an additional 11,499 shares during the period. Rockefeller Capital Management L.P. increased its position in Global X Defense Tech ETF by 19.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 77,000 shares of the company’s stock worth $4,989,000 after buying an additional 12,702 shares during the period. Brookstone Capital Management lifted its stake in Global X Defense Tech ETF by 176.4% in the first quarter. Brookstone Capital Management now owns 14,486 shares of the company’s stock valued at $1,026,000 after buying an additional 9,245 shares during the last quarter. Kestra Private Wealth Services LLC lifted its stake in Global X Defense Tech ETF by 20.3% in the first quarter. Kestra Private Wealth Services LLC now owns 74,424 shares of the company’s stock valued at $5,272,000 after buying an additional 12,537 shares during the last quarter. Finally, Spectrum Planning & Advisory Services Inc. boosted its holdings in shares of Global X Defense Tech ETF by 47.5% during the first quarter. Spectrum Planning & Advisory Services Inc. now owns 34,944 shares of the company’s stock valued at $2,475,000 after acquiring an additional 11,247 shares during the period. 57.57% of the stock is currently owned by institutional investors and hedge funds.

Global X Defense Tech ETF Stock Performance

Shares of Global X Defense Tech ETF stock traded down $0.59 during trading on Tuesday, hitting $64.25. 214,039 shares of the stock were exchanged, compared to its average volume of 2,064,884. The stock’s fifty day moving average is $64.01 and its 200 day moving average is $69.89. The stock has a market cap of $7.34 billion, a PE ratio of -5.31 and a beta of 0.29. Global X Defense Tech ETF has a 12 month low of $57.89 and a 12 month high of $78.49.

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.