NewEdge Advisors LLC Grows Position in Global X Defense Tech ETF $SHLD

NewEdge Advisors LLC increased its holdings in Global X Defense Tech ETF (NYSEARCA:SHLD) by 28.3% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 482,011 shares of the company’s stock after purchasing an additional 106,227 shares during the period. NewEdge Advisors LLC’s holdings in Global X Defense Tech ETF were worth $34,146,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Financial Life Planners purchased a new position in Global X Defense Tech ETF in the 1st quarter worth about $26,000. Evolution Wealth Management Inc. boosted its holdings in shares of Global X Defense Tech ETF by 57.0% during the 1st quarter. Evolution Wealth Management Inc. now owns 793 shares of the company’s stock valued at $56,000 after acquiring an additional 288 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Global X Defense Tech ETF by 12.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,681 shares of the company’s stock valued at $119,000 after acquiring an additional 181 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of Global X Defense Tech ETF by 75.8% in the first quarter. International Assets Investment Management LLC now owns 1,695 shares of the company’s stock worth $125,000 after acquiring an additional 731 shares during the period. Finally, Main Street Group LTD bought a new stake in shares of Global X Defense Tech ETF in the first quarter worth approximately $126,000. 57.57% of the stock is currently owned by institutional investors.

Global X Defense Tech ETF Stock Up 0.6%

SHLD opened at $67.78 on Friday. The firm has a 50 day moving average price of $62.61 and a 200-day moving average price of $68.79. Global X Defense Tech ETF has a twelve month low of $57.89 and a twelve month high of $78.49. The stock has a market capitalization of $7.53 billion, a price-to-earnings ratio of -5.60 and a beta of 0.27.

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.