HBW Advisory Services LLC trimmed its position in shares of Global X Defense Tech ETF (NYSEARCA:SHLD – Free Report) by 78.4% during the third quarter, Holdings Channel.com reports. The fund owned 16,652 shares of the company’s stock after selling 60,437 shares during the quarter. HBW Advisory Services LLC’s holdings in Global X Defense Tech ETF were worth $1,000,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Financial Life Planners bought a new position in shares of Global X Defense Tech ETF during the first quarter valued at about $26,000. CX Institutional purchased a new position in Global X Defense Tech ETF during the second quarter worth about $29,000. GK Wealth Management LLC purchased a new position in Global X Defense Tech ETF during the third quarter worth about $32,000. Evolution Wealth Management Inc. grew its position in Global X Defense Tech ETF by 57.0% in the 1st quarter. Evolution Wealth Management Inc. now owns 793 shares of the company’s stock worth $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 2nd quarter worth about $77,000. Hedge funds and other institutional investors own 57.57% of the company’s stock.
Global X Defense Tech ETF Stock Performance
NYSEARCA:SHLD opened at $60.65 on Friday. The firm has a market cap of $6.39 billion, a price-to-earnings ratio of -5.01 and a beta of 0.33. Global X Defense Tech ETF has a 52 week low of $57.89 and a 52 week high of $78.49. The firm has a 50-day moving average price of $63.76 and a two-hundred day moving average price of $64.88.
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.
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