Wedbush Securities Inc. Acquires 367,996 Shares of Global X Defense Tech ETF $SHLD

Wedbush Securities Inc. increased its holdings in Global X Defense Tech ETF (NYSEARCA:SHLD) by 7,064.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 373,205 shares of the company’s stock after purchasing an additional 367,996 shares during the period. Wedbush Securities Inc. owned 0.34% of Global X Defense Tech ETF worth $11,498,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Financial Life Planners purchased a new stake in Global X Defense Tech ETF during the 1st quarter valued at approximately $26,000. CX Institutional purchased a new position in shares of Global X Defense Tech ETF in the second quarter worth $29,000. Evolution Wealth Management Inc. lifted its holdings in shares of Global X Defense Tech ETF by 57.0% in the first quarter. Evolution Wealth Management Inc. now owns 793 shares of the company’s stock worth $56,000 after buying an additional 288 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Global X Defense Tech ETF by 12.1% during the first quarter. EverSource Wealth Advisors LLC now owns 1,681 shares of the company’s stock worth $119,000 after acquiring an additional 181 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its position in shares of Global X Defense Tech ETF by 75.8% during 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 last quarter. 57.57% of the stock is owned by hedge funds and other institutional investors.

Global X Defense Tech ETF Stock Performance

SHLD opened at $66.19 on Friday. The stock has a market capitalization of $7.35 billion, a price-to-earnings ratio of -5.47 and a beta of 0.27. The company has a fifty day moving average of $64.06 and a 200 day moving average of $68.02. Global X Defense Tech ETF has a fifty-two week low of $57.89 and a fifty-two week high of $78.49.

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.