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

NewEdge Advisors LLC lifted its stake in Global X Defense Tech ETF (NYSEARCA:SHLD) by 40.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 675,460 shares of the company’s stock after purchasing an additional 193,449 shares during the quarter. NewEdge Advisors LLC owned about 0.61% of Global X Defense Tech ETF worth $40,332,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its stake in 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 valued at $119,000 after buying an additional 181 shares during the last quarter. Seamount Financial Group Inc. grew its stake in shares of Global X Defense Tech ETF by 4.7% in the first quarter. Seamount Financial Group Inc. now owns 5,949 shares of the company’s stock worth $421,000 after acquiring an additional 267 shares during the last quarter. Evolution Wealth Management Inc. increased its holdings in shares of Global X Defense Tech ETF by 57.0% during the first quarter. Evolution Wealth Management Inc. now owns 793 shares of the company’s stock valued at $56,000 after acquiring an additional 288 shares in the last quarter. Quantum Portfolio Management LLC increased its holdings in shares of Global X Defense Tech ETF by 3.2% during the first quarter. Quantum Portfolio Management LLC now owns 11,131 shares of the company’s stock valued at $789,000 after acquiring an additional 348 shares in the last quarter. Finally, American Institute for Advanced Investment Management LLP raised its position in shares of Global X Defense Tech ETF by 1.5% in the 1st quarter. American Institute for Advanced Investment Management LLP now owns 23,332 shares of the company’s stock worth $1,653,000 after purchasing an additional 350 shares during the last quarter. Hedge funds and other institutional investors own 57.57% of the company’s stock.

Global X Defense Tech ETF Price Performance

SHLD opened at $61.84 on Thursday. The firm has a market cap of $6.87 billion, a PE ratio of -5.11 and a beta of 0.27. The stock has a 50-day moving average price of $64.67 and a 200-day moving average price of $67.45. Global X Defense Tech ETF has a 1 year low of $57.89 and a 1 year 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.