Private Advisor Group LLC Has $11.18 Million Stock Position in Global X Defense Tech ETF $SHLD

Private Advisor Group LLC lifted its position in Global X Defense Tech ETF (NYSEARCA:SHLD) by 36.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 157,842 shares of the company’s stock after acquiring an additional 42,210 shares during the period. Private Advisor Group LLC’s holdings in Global X Defense Tech ETF were worth $11,182,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Financial Life Planners purchased a new stake in shares of Global X Defense Tech ETF in the 1st quarter valued at approximately $26,000. Advocate Investing Services LLC purchased a new position in Global X Defense Tech ETF during the 1st quarter worth approximately $177,000. Oregon Pacific Wealth Management LLC purchased a new position in Global X Defense Tech ETF during the 1st quarter worth approximately $205,000. Partners Wealth Management LLC acquired a new stake in Global X Defense Tech ETF during the 1st quarter valued at $213,000. Finally, Caliber Wealth Management LLC KS acquired a new stake in Global X Defense Tech ETF during the 1st quarter valued at $291,000. Institutional investors and hedge funds own 57.57% of the company’s stock.

Global X Defense Tech ETF Price Performance

SHLD opened at $63.96 on Friday. The stock has a fifty day moving average of $64.09 and a 200-day moving average of $69.84. The firm has a market capitalization of $7.31 billion, a P/E ratio of -5.28 and a beta of 0.29. Global X Defense Tech ETF has a 12-month low of $57.89 and a 12-month high of $78.49.

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.