Sofi Wealth LLC Reduces Position in Global X Defense Tech ETF $SHLD

Sofi Wealth LLC decreased its position in Global X Defense Tech ETF (NYSEARCA:SHLD) by 5.8% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 744,037 shares of the company’s stock after selling 46,042 shares during the period. Global X Defense Tech ETF comprises approximately 2.5% of Sofi Wealth LLC’s portfolio, making the stock its 14th biggest holding. Sofi Wealth LLC owned about 0.63% of Global X Defense Tech ETF worth $52,708,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in SHLD. Financial Life Planners purchased a new position in shares of Global X Defense Tech ETF in the first quarter valued at about $26,000. Evolution Wealth Management Inc. boosted its holdings in shares of Global X Defense Tech ETF by 57.0% during the first quarter. Evolution Wealth Management Inc. now owns 793 shares of the company’s stock worth $56,000 after purchasing an additional 288 shares during the period. International Assets Investment Management LLC grew its stake in shares of Global X Defense Tech ETF by 75.8% in the first quarter. International Assets Investment Management LLC now owns 1,695 shares of the company’s stock worth $125,000 after purchasing an additional 731 shares during the last quarter. Advocate Investing Services LLC bought a new stake in shares of Global X Defense Tech ETF in the first quarter worth about $177,000. Finally, Centerpoint Advisory Group purchased a new position in Global X Defense Tech ETF during the 1st quarter valued at about $202,000. 57.57% of the stock is owned by hedge funds and other institutional investors.

Global X Defense Tech ETF Price Performance

SHLD opened at $59.89 on Friday. The business has a 50 day simple moving average of $63.04 and a two-hundred day simple moving average of $69.65. The firm has a market capitalization of $6.76 billion, a price-to-earnings ratio of -4.95 and a beta of 0.29. Global X Defense Tech ETF has a one year low of $57.89 and a one year 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.