Global X Defense Tech ETF $SHLD Position Cut by Midwest Capital Advisors LLC

Midwest Capital Advisors LLC lowered its position in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) by 17.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 105,356 shares of the company’s stock after selling 22,402 shares during the quarter. Global X Defense Tech ETF comprises about 2.4% of Midwest Capital Advisors LLC’s investment portfolio, making the stock its 13th largest position. Midwest Capital Advisors LLC’s holdings in Global X Defense Tech ETF were worth $6,330,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. CX Institutional bought a new stake in shares of Global X Defense Tech ETF in the 2nd quarter valued at approximately $29,000. Raleigh Capital Management Inc. raised its position in shares of Global X Defense Tech ETF by 102.9% during the 3rd quarter. Raleigh Capital Management Inc. now owns 489 shares of the company’s stock valued at $29,000 after acquiring an additional 248 shares in the last quarter. GK Wealth Management LLC acquired a new stake in shares of Global X Defense Tech ETF during the 3rd quarter valued at approximately $32,000. Manchester Capital Management LLC bought a new position in Global X Defense Tech ETF during the third quarter worth $32,000. Finally, Blue Bell Private Wealth Management LLC bought a new position in Global X Defense Tech ETF during the third quarter worth $39,000. 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 $60.90 on Tuesday. The company has a market cap of $6.28 billion, a PE ratio of -5.03 and a beta of 0.30. The company has a fifty day moving average price of $61.69 and a two-hundred day moving average price of $66.89. Global X Defense Tech ETF has a 12 month low of $57.14 and a 12 month high of $78.49.

Global X Defense Tech ETF Company 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.