Global X Defense Tech ETF $SHLD Stock: KWB Wealth Reduces Position

KWB Wealth decreased its holdings in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) by 21.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 161,467 shares of the company’s stock after selling 43,412 shares during the period. KWB Wealth’s holdings in Global X Defense Tech ETF were worth $9,701,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in SHLD. Vontobel Holding Ltd. bought a new position in Global X Defense Tech ETF in the 3rd quarter valued at about $417,000. Newport Capital Group LLC acquired a new position in shares of Global X Defense Tech ETF in the 3rd quarter worth $4,041,000. Activest Wealth Management increased its position in shares of Global X Defense Tech ETF by 2.4% in the third quarter. Activest Wealth Management now owns 7,112 shares of the company’s stock worth $427,000 after acquiring an additional 168 shares in the last quarter. WealthPLAN Partners LLC acquired a new stake in Global X Defense Tech ETF during the 3rd quarter valued at $952,000. Finally, RDA Financial Network lifted its stake in Global X Defense Tech ETF by 17.4% in the 3rd quarter. RDA Financial Network now owns 11,280 shares of the company’s stock worth $678,000 after acquiring an additional 1,669 shares in the last quarter. 57.57% of the stock is currently owned by institutional investors and hedge funds.

Global X Defense Tech ETF Stock Performance

Shares of SHLD stock traded up $0.83 during trading on Friday, hitting $61.48. 776,614 shares of the company were exchanged, compared to its average volume of 1,738,205. The business’s 50-day simple moving average is $63.61 and its 200 day simple moving average is $64.85. Global X Defense Tech ETF has a twelve month low of $57.89 and a twelve month high of $78.49. The firm has a market capitalization of $6.48 billion, a price-to-earnings ratio of -5.08 and a beta of 0.33.

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.