Joel Isaacson & Co. LLC Makes New $781,000 Investment in Global X Defense Tech ETF $SHLD

Joel Isaacson & Co. LLC purchased a new stake in Global X Defense Tech ETF (NYSEARCA:SHLD) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 13,000 shares of the company’s stock, valued at approximately $781,000.

Several other hedge funds also recently added to or reduced their stakes in SHLD. Bank of America Corp DE grew its position in Global X Defense Tech ETF by 30.9% during the 1st quarter. Bank of America Corp DE now owns 9,575,995 shares of the company’s stock worth $678,363,000 after purchasing an additional 2,262,272 shares during the period. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of Global X Defense Tech ETF in the 1st quarter valued at about $120,428,000. Envestnet Asset Management Inc. lifted its holdings in shares of Global X Defense Tech ETF by 30.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,362,699 shares of the company’s stock valued at $81,367,000 after buying an additional 318,805 shares during the period. Royal Bank of Canada boosted its stake in shares of Global X Defense Tech ETF by 49.9% in the first quarter. Royal Bank of Canada now owns 817,433 shares of the company’s stock worth $57,907,000 after buying an additional 271,959 shares during the last quarter. Finally, Cetera Investment Advisers boosted its stake in shares of Global X Defense Tech ETF by 27.6% in the first quarter. Cetera Investment Advisers now owns 654,029 shares of the company’s stock worth $46,331,000 after buying an additional 141,371 shares during the last quarter. 57.57% of the stock is owned by hedge funds and other institutional investors.

Global X Defense Tech ETF Stock Down 1.8%

Global X Defense Tech ETF stock opened at $60.28 on Friday. The firm has a market cap of $6.02 billion, a price-to-earnings ratio of -4.98 and a beta of 0.30. Global X Defense Tech ETF has a 52 week low of $57.14 and a 52 week high of $78.49. The business’s 50-day moving average price is $61.50 and its 200 day moving average price is $66.66.

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.