KWB Wealth Raises Holdings in Global X Defense Tech ETF $SHLD

KWB Wealth lifted its holdings in Global X Defense Tech ETF (NYSEARCA:SHLD) by 100.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 204,879 shares of the company’s stock after purchasing an additional 102,702 shares during the quarter. KWB Wealth owned 0.18% of Global X Defense Tech ETF worth $12,233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Harel Insurance Investments & Financial Services Ltd. increased its holdings in Global X Defense Tech ETF by 151.1% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,645,365 shares of the company’s stock worth $329,078,000 after buying an additional 2,795,100 shares in the last quarter. Bank of America Corp DE lifted its stake in Global X Defense Tech ETF by 30.9% during the 1st quarter. Bank of America Corp DE now owns 9,575,995 shares of the company’s stock valued at $678,363,000 after acquiring an additional 2,262,272 shares during the period. Clal Insurance Enterprises Holdings Ltd bought a new position in Global X Defense Tech ETF during the 1st quarter valued at about $120,428,000. Royal Bank of Canada boosted its holdings in shares of Global X Defense Tech ETF by 49.9% during the 1st quarter. Royal Bank of Canada now owns 817,433 shares of the company’s stock valued at $57,907,000 after acquiring an additional 271,959 shares during the last quarter. Finally, Sanctuary Advisors LLC boosted its holdings in shares of Global X Defense Tech ETF by 41.1% during the 1st quarter. Sanctuary Advisors LLC now owns 770,947 shares of the company’s stock valued at $54,614,000 after acquiring an additional 224,582 shares during the last quarter. 57.57% of the stock is owned by institutional investors.

Global X Defense Tech ETF Stock Up 1.2%

SHLD opened at $69.85 on Tuesday. The firm has a 50 day moving average price of $62.72 and a 200-day moving average price of $68.68. Global X Defense Tech ETF has a twelve month low of $57.89 and a twelve month high of $78.49. The stock has a market capitalization of $7.76 billion, a price-to-earnings ratio of -5.77 and a beta of 0.27.

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.