Global X Defense Tech ETF $SHLD Shares Bought by Novem Group

Novem Group lifted its stake in Global X Defense Tech ETF (NYSEARCA:SHLD) by 212.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,741 shares of the company’s stock after purchasing an additional 19,528 shares during the period. Novem Group’s holdings in Global X Defense Tech ETF were worth $1,727,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in SHLD. Financial Life Planners bought a new position in Global X Defense Tech ETF during the 1st quarter worth approximately $26,000. CX Institutional acquired a new position in Global X Defense Tech ETF during the second quarter valued at approximately $29,000. GK Wealth Management LLC acquired a new position in Global X Defense Tech ETF during the third quarter valued at approximately $32,000. Evolution Wealth Management Inc. increased its stake in 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 valued at $56,000 after purchasing an additional 288 shares in the last quarter. Finally, Markowski Investments bought a new stake in Global X Defense Tech ETF in the second quarter valued at approximately $77,000. 57.57% of the stock is owned by institutional investors and hedge funds.

Global X Defense Tech ETF Price Performance

SHLD traded down $0.17 during mid-day trading on Monday, hitting $61.31. The stock had a trading volume of 807,596 shares, compared to its average volume of 1,733,557. The stock’s fifty day simple moving average is $63.61 and its 200-day simple moving average is $64.83. The firm has a market capitalization of $6.45 billion, a price-to-earnings ratio of -5.06 and a beta of 0.33. Global X Defense Tech ETF has a 1-year low of $57.89 and a 1-year high of $78.49.

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.