Shepherd Financial Partners LLC Sells 80,659 Shares of Global X Defense Tech ETF $SHLD

Shepherd Financial Partners LLC lessened its stake in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) by 27.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 216,855 shares of the company’s stock after selling 80,659 shares during the period. Global X Defense Tech ETF comprises about 1.0% of Shepherd Financial Partners LLC’s holdings, making the stock its 26th biggest position. Shepherd Financial Partners LLC’s holdings in Global X Defense Tech ETF were worth $13,029,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. Endowment Wealth Management Inc. grew its position in shares of Global X Defense Tech ETF by 25.1% during the 3rd quarter. Endowment Wealth Management Inc. now owns 20,098 shares of the company’s stock valued at $1,207,000 after acquiring an additional 4,038 shares during the period. StoneX Group Inc. purchased a new stake in shares of Global X Defense Tech ETF during the 3rd quarter worth approximately $387,000. Montgomery Financial Services LLC increased its stake in shares of Global X Defense Tech ETF by 135.9% during the 3rd quarter. Montgomery Financial Services LLC now owns 743 shares of the company’s stock worth $45,000 after purchasing an additional 428 shares during the last quarter. Tennessee Valley Asset Management Partners increased its stake in shares of Global X Defense Tech ETF by 22.6% during the 3rd quarter. Tennessee Valley Asset Management Partners now owns 203,014 shares of the company’s stock worth $12,197,000 after purchasing an additional 37,453 shares during the last quarter. Finally, Parallel Advisors LLC raised its holdings in shares of Global X Defense Tech ETF by 12.1% in the 3rd quarter. Parallel Advisors LLC now owns 13,973 shares of the company’s stock worth $839,000 after purchasing an additional 1,503 shares during the period. Hedge funds and other institutional investors own 57.57% of the company’s stock.

Global X Defense Tech ETF Trading Up 0.3%

NYSEARCA:SHLD opened at $58.20 on Friday. The stock has a market capitalization of $6.00 billion, a PE ratio of -4.81 and a beta of 0.30. The firm’s 50 day moving average is $61.79 and its 200 day moving average is $66.97. Global X Defense Tech ETF has a 12 month low of $57.14 and a 12 month high of $78.49.

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.