Wedbush Securities Inc. Sells 368,307 Shares of Global X Defense Tech ETF $SHLD

Wedbush Securities Inc. decreased its position in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) by 98.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,898 shares of the company’s stock after selling 368,307 shares during the period. Wedbush Securities Inc.’s holdings in Global X Defense Tech ETF were worth $294,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD bought a new stake in shares of Global X Defense Tech ETF in the 2nd quarter valued at approximately $4,910,000. Solstein Capital LLC increased its holdings in Global X Defense Tech ETF by 34.5% in the second quarter. Solstein Capital LLC now owns 44,211 shares of the company’s stock worth $2,640,000 after buying an additional 11,352 shares during the last quarter. Buttonwood Financial Group LLC raised its position in Global X Defense Tech ETF by 25.2% during the second quarter. Buttonwood Financial Group LLC now owns 103,100 shares of the company’s stock valued at $6,156,000 after acquiring an additional 20,768 shares in the last quarter. Waverly Advisors LLC raised its position in Global X Defense Tech ETF by 1,589.5% during the second quarter. Waverly Advisors LLC now owns 75,519 shares of the company’s stock valued at $4,509,000 after acquiring an additional 71,049 shares in the last quarter. Finally, BlueCrest Capital Management Ltd bought a new position in Global X Defense Tech ETF during the second quarter valued at approximately $3,583,000. Hedge funds and other institutional investors own 57.57% of the company’s stock.

Global X Defense Tech ETF Stock Up 0.1%

NYSEARCA SHLD opened at $63.29 on Thursday. The stock has a market capitalization of $6.59 billion, a PE ratio of -5.23 and a beta of 0.33. The company has a 50 day moving average price of $62.50 and a two-hundred day moving average price of $67.49. Global X Defense Tech ETF has a 12-month low of $57.89 and a 12-month 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.