Beacon Financial Group Raises Stock Holdings in Global X Defense Tech ETF $SHLD

Beacon Financial Group boosted its stake in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) by 45.2% during the first quarter, Holdings Channel.com reports. The firm owned 102,549 shares of the company’s stock after purchasing an additional 31,919 shares during the quarter. Beacon Financial Group’s holdings in Global X Defense Tech ETF were worth $7,265,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in SHLD. Triad Wealth Partners LLC lifted its position in shares of Global X Defense Tech ETF by 112.9% during the first quarter. Triad Wealth Partners LLC now owns 214,036 shares of the company’s stock valued at $15,162,000 after buying an additional 113,480 shares during the last quarter. CFS Investment Advisory Services LLC grew its position in shares of Global X Defense Tech ETF by 67.3% in the 1st quarter. CFS Investment Advisory Services LLC now owns 179,757 shares of the company’s stock worth $13,185,000 after buying an additional 72,281 shares during the last quarter. Private Advisor Group LLC grew its position in shares of Global X Defense Tech ETF by 36.5% in the 1st quarter. Private Advisor Group LLC now owns 157,842 shares of the company’s stock worth $11,182,000 after buying an additional 42,210 shares during the last quarter. Horst & Graben Wealth Management LLC raised its stake in shares of Global X Defense Tech ETF by 74.5% during the 1st quarter. Horst & Graben Wealth Management LLC now owns 154,953 shares of the company’s stock worth $10,456,000 after acquiring an additional 66,173 shares in the last quarter. Finally, EWA LLC raised its stake in shares of Global X Defense Tech ETF by 66.8% during the 1st quarter. EWA LLC now owns 129,631 shares of the company’s stock worth $9,183,000 after acquiring an additional 51,899 shares in the last quarter. 57.57% of the stock is currently owned by institutional investors.

Global X Defense Tech ETF Stock Down 1.9%

NYSEARCA:SHLD opened at $61.46 on Friday. Global X Defense Tech ETF has a 52 week low of $57.89 and a 52 week high of $78.49. The firm has a 50 day moving average of $63.73 and a 200 day moving average of $69.86. The stock has a market capitalization of $6.98 billion, a price-to-earnings ratio of -5.08 and a beta of 0.29.

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.