Global X Defense Tech ETF $SHLD Stake Trimmed by C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors decreased its holdings in Global X Defense Tech ETF (NYSEARCA:SHLD) by 6.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 334,229 shares of the company’s stock after selling 21,718 shares during the quarter. Global X Defense Tech ETF accounts for about 1.0% of C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ portfolio, making the stock its 21st largest holding. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors owned approximately 0.31% of Global X Defense Tech ETF worth $20,080,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of SHLD. Mather Group LLC. acquired a new position in shares of Global X Defense Tech ETF during the 3rd quarter worth approximately $1,403,000. West Wealth Group LLC increased its holdings in shares of Global X Defense Tech ETF by 2.3% during the third quarter. West Wealth Group LLC now owns 209,693 shares of the company’s stock worth $12,598,000 after purchasing an additional 4,776 shares during the period. B. Riley Wealth Advisors Inc. bought a new position in shares of Global X Defense Tech ETF during the third quarter worth approximately $328,000. Forvis Mazars Wealth Advisors LLC bought a new position in shares of Global X Defense Tech ETF during the third quarter worth approximately $218,000. Finally, Accel Wealth Management raised its position in shares of Global X Defense Tech ETF by 9.0% in the third quarter. Accel Wealth Management now owns 37,728 shares of the company’s stock valued at $2,267,000 after buying an additional 3,131 shares in the last quarter. Institutional investors own 57.57% of the company’s stock.

Global X Defense Tech ETF Price Performance

Global X Defense Tech ETF stock opened at $59.68 on Thursday. The stock’s fifty day moving average price is $63.91 and its two-hundred day moving average price is $64.94. Global X Defense Tech ETF has a one year low of $57.89 and a one year high of $78.49. The firm has a market cap of $6.34 billion, a PE ratio of -4.93 and a beta of 0.33.

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.