Global X Defense Tech ETF $SHLD Shares Acquired by Spectrum Planning & Advisory Services Inc.

Spectrum Planning & Advisory Services Inc. lifted its stake in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) by 47.5% during the 1st quarter, Holdings Channel reports. The fund owned 34,944 shares of the company’s stock after buying an additional 11,247 shares during the quarter. Global X Defense Tech ETF comprises 1.2% of Spectrum Planning & Advisory Services Inc.’s portfolio, making the stock its 28th largest holding. Spectrum Planning & Advisory Services Inc.’s holdings in Global X Defense Tech ETF were worth $2,475,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Terra Nova Asset Management LLC grew its holdings in shares of Global X Defense Tech ETF by 3.3% in the first quarter. Terra Nova Asset Management LLC now owns 24,589 shares of the company’s stock valued at $1,742,000 after purchasing an additional 783 shares during the period. Nations Financial Group Inc. IA ADV increased its position in Global X Defense Tech ETF by 14.4% during the first quarter. Nations Financial Group Inc. IA ADV now owns 10,144 shares of the company’s stock worth $719,000 after purchasing an additional 1,280 shares during the last quarter. Evolve Private Wealth LLC purchased a new position in Global X Defense Tech ETF during the first quarter worth about $600,000. Rockefeller Capital Management L.P. raised its stake in Global X Defense Tech ETF by 19.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 77,000 shares of the company’s stock worth $4,989,000 after purchasing an additional 12,702 shares during the period. Finally, Fortem Financial Group LLC boosted its holdings in Global X Defense Tech ETF by 1,664.5% in the 1st quarter. Fortem Financial Group LLC now owns 75,873 shares of the company’s stock valued at $5,375,000 after purchasing an additional 71,573 shares during the last quarter. Institutional investors and hedge funds own 57.57% of the company’s stock.

Global X Defense Tech ETF Price Performance

Global X Defense Tech ETF stock opened at $62.30 on Monday. The firm has a 50 day simple moving average of $66.63 and a 200-day simple moving average of $70.11. Global X Defense Tech ETF has a 1-year low of $57.14 and a 1-year high of $78.49. The stock has a market cap of $7.39 billion, a price-to-earnings ratio of -5.14 and a beta of 0.20.

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.