Global X Defense Tech ETF $SHLD Stock: Tennessee Valley Asset Management Partners Grows Position

Tennessee Valley Asset Management Partners grew its position in Global X Defense Tech ETF (NYSEARCA:SHLD) by 22.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 203,014 shares of the company’s stock after purchasing an additional 37,453 shares during the period. Global X Defense Tech ETF makes up approximately 1.3% of Tennessee Valley Asset Management Partners’ holdings, making the stock its 17th largest holding. Tennessee Valley Asset Management Partners owned approximately 0.20% of Global X Defense Tech ETF worth $12,197,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Parallel Advisors LLC raised its holdings in Global X Defense Tech ETF by 12.1% in the third quarter. Parallel Advisors LLC now owns 13,973 shares of the company’s stock valued at $839,000 after buying an additional 1,503 shares during the period. United Advisor Group LLC lifted its position in Global X Defense Tech ETF by 9.8% during the third quarter. United Advisor Group LLC now owns 22,594 shares of the company’s stock valued at $1,357,000 after buying an additional 2,014 shares in the last quarter. Plancorp LLC acquired a new position in Global X Defense Tech ETF during the third quarter valued at approximately $6,324,000. Heritage Family Offices LLP purchased a new stake in Global X Defense Tech ETF during the third quarter worth approximately $61,000. Finally, Principle Wealth Partners LLC purchased a new stake in Global X Defense Tech ETF during the third quarter worth approximately $1,470,000. Hedge funds and other institutional investors own 57.57% of the company’s stock.

Global X Defense Tech ETF Trading Up 0.3%

SHLD traded up $0.17 during trading on Friday, hitting $58.20. 1,734,071 shares of the company’s stock were exchanged, compared to its average volume of 1,714,589. Global X Defense Tech ETF has a 1 year low of $57.14 and a 1 year high of $78.49. The stock has a 50 day moving average price of $61.79 and a 200 day moving average price of $66.97. The firm has a market cap of $6.00 billion, a P/E ratio of -4.81 and a beta of 0.30.

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.