Global X Defense Tech ETF $SHLD Shares Bought by Royal Bank of Canada

Royal Bank of Canada grew its holdings in Global X Defense Tech ETF (NYSEARCA:SHLD) by 49.9% during the first quarter, HoldingsChannel.com reports. The fund owned 817,433 shares of the company’s stock after purchasing an additional 271,959 shares during the quarter. Royal Bank of Canada’s holdings in Global X Defense Tech ETF were worth $57,907,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Harel Insurance Investments & Financial Services Ltd. boosted its position in Global X Defense Tech ETF by 151.1% during 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 during the period. Clal Insurance Enterprises Holdings Ltd purchased a new position in Global X Defense Tech ETF in the first quarter valued at about $120,428,000. Sanctuary Advisors LLC lifted its stake in shares of Global X Defense Tech ETF by 41.1% during the first quarter. Sanctuary Advisors LLC now owns 770,947 shares of the company’s stock worth $54,614,000 after purchasing an additional 224,582 shares in the last quarter. Decker Wealth Management LLC acquired a new position in shares of Global X Defense Tech ETF during the first quarter worth about $14,044,000. Finally, Cetera Investment Advisers boosted its position in shares of Global X Defense Tech ETF by 27.6% in the first quarter. Cetera Investment Advisers now owns 654,029 shares of the company’s stock worth $46,331,000 after buying an additional 141,371 shares during the period. Institutional investors and hedge funds own 57.57% of the company’s stock.

Global X Defense Tech ETF Stock Performance

SHLD stock opened at $63.25 on Friday. 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 cap of $7.05 billion, a P/E ratio of -5.22 and a beta of 0.29. The stock has a 50-day simple moving average of $62.56 and a 200-day simple moving average of $69.13.

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.