Global X Defense Tech ETF $SHLD Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC increased its holdings in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) by 7,280.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 300,000 shares of the company’s stock after acquiring an additional 295,935 shares during the period. International Assets Investment Management LLC’s holdings in Global X Defense Tech ETF were worth $18,024,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Partners Wealth Management LLC acquired a new stake in Global X Defense Tech ETF in the 3rd quarter valued at $219,000. Founders Financial Securities LLC grew its holdings in shares of Global X Defense Tech ETF by 85.6% in the 3rd quarter. Founders Financial Securities LLC now owns 28,001 shares of the company’s stock valued at $1,682,000 after acquiring an additional 12,912 shares in the last quarter. Blueprint Investment Partners LLC grew its holdings in shares of Global X Defense Tech ETF by 21.5% in the 3rd quarter. Blueprint Investment Partners LLC now owns 23,395 shares of the company’s stock valued at $1,406,000 after acquiring an additional 4,136 shares in the last quarter. Blueprint Financial Advisors LLC grew its holdings in shares of Global X Defense Tech ETF by 13.1% in the 3rd quarter. Blueprint Financial Advisors LLC now owns 23,395 shares of the company’s stock valued at $1,406,000 after acquiring an additional 2,702 shares in the last quarter. Finally, D.A. Davidson & CO. acquired a new stake in shares of Global X Defense Tech ETF in the third quarter valued at about $1,877,000. Institutional investors own 57.57% of the company’s stock.

Global X Defense Tech ETF Stock Performance

NYSEARCA:SHLD opened at $63.78 on Friday. Global X Defense Tech ETF has a 52-week low of $57.89 and a 52-week high of $78.49. The company has a market cap of $6.64 billion, a P/E ratio of -5.27 and a beta of 0.33. The stock’s 50-day simple moving average is $62.34 and its 200 day simple moving average is $67.37.

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.