Fortem Financial Group LLC Increases Holdings in Global X Defense Tech ETF $SHLD

Fortem Financial Group LLC boosted its stake in Global X Defense Tech ETF (NYSEARCA:SHLD) by 1,664.5% in the 1st quarter, Holdings Channel reports. The firm owned 75,873 shares of the company’s stock after buying an additional 71,573 shares during the quarter. Global X Defense Tech ETF accounts for approximately 1.3% of Fortem Financial Group LLC’s portfolio, making the stock its 23rd biggest position. Fortem Financial Group LLC’s holdings in Global X Defense Tech ETF were worth $5,375,000 as of its most recent SEC filing.

Separately, Nations Financial Group Inc. IA ADV raised its position in Global X Defense Tech ETF by 14.4% in the first quarter. Nations Financial Group Inc. IA ADV now owns 10,144 shares of the company’s stock valued at $719,000 after purchasing an additional 1,280 shares during the period. Hedge funds and other institutional investors own 57.57% of the company’s stock.

Global X Defense Tech ETF Price Performance

Shares of SHLD opened at $62.30 on Friday. The stock’s 50-day moving average is $66.63 and its two-hundred day moving average is $70.04. The stock has a market cap of $7.39 billion, a PE ratio of -5.14 and a beta of 0.20. 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.