Ehrlich Financial Group Has $6.09 Million Holdings in Global X Defense Tech ETF $SHLD

Ehrlich Financial Group raised its stake in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) by 23.3% in the second quarter, Holdings Channel reports. The institutional investor owned 101,933 shares of the company’s stock after buying an additional 19,262 shares during the quarter. Global X Defense Tech ETF comprises about 3.1% of Ehrlich Financial Group’s portfolio, making the stock its 6th biggest position. Ehrlich Financial Group’s holdings in Global X Defense Tech ETF were worth $6,086,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of SHLD. Financial Life Planners purchased a new stake in shares of Global X Defense Tech ETF in the first quarter worth about $26,000. CX Institutional purchased a new position in Global X Defense Tech ETF during the second quarter valued at approximately $29,000. Evolution Wealth Management Inc. grew its stake in Global X Defense Tech ETF by 57.0% during the first quarter. Evolution Wealth Management Inc. now owns 793 shares of the company’s stock valued at $56,000 after acquiring an additional 288 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Global X Defense Tech ETF by 12.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,681 shares of the company’s stock worth $119,000 after acquiring an additional 181 shares during the period. Finally, International Assets Investment Management LLC grew its position in shares of Global X Defense Tech ETF by 75.8% during the 1st quarter. International Assets Investment Management LLC now owns 1,695 shares of the company’s stock valued at $125,000 after purchasing an additional 731 shares in the last quarter. 57.57% of the stock is currently owned by institutional investors.

Global X Defense Tech ETF Stock Performance

Global X Defense Tech ETF stock opened at $69.04 on Friday. The stock has a market cap of $7.67 billion, a P/E ratio of -5.70 and a beta of 0.27. Global X Defense Tech ETF has a fifty-two week low of $57.89 and a fifty-two week high of $78.49. The firm’s fifty day moving average price is $62.64 and its 200-day moving average price is $68.79.

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.