Sowell Financial Services LLC Acquires New Stake in Global X Defense Tech ETF $SHLD

Sowell Financial Services LLC bought a new stake in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 10,888 shares of the company’s stock, valued at approximately $654,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of America Corp DE increased its holdings in Global X Defense Tech ETF by 30.9% during the first quarter. Bank of America Corp DE now owns 9,575,995 shares of the company’s stock valued at $678,363,000 after buying an additional 2,262,272 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Global X Defense Tech ETF by 151.1% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,645,365 shares of the company’s stock valued at $329,078,000 after acquiring an additional 2,795,100 shares during the period. Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of Global X Defense Tech ETF in the 1st quarter valued at $120,428,000. Envestnet Asset Management Inc. raised its position 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 worth $81,367,000 after acquiring an additional 318,805 shares in the last quarter. Finally, Royal Bank of Canada raised its position in shares of Global X Defense Tech ETF by 49.9% in the 1st quarter. Royal Bank of Canada now owns 817,433 shares of the company’s stock worth $57,907,000 after acquiring an additional 271,959 shares in the last quarter. Hedge funds and other institutional investors own 57.57% of the company’s stock.

Global X Defense Tech ETF Stock Performance

Shares of Global X Defense Tech ETF stock opened at $63.56 on Tuesday. The company has a market capitalization of $6.62 billion, a PE ratio of -5.25 and a beta of 0.33. The company has a 50-day simple moving average of $62.27 and a two-hundred day simple moving average of $67.31. Global X Defense Tech ETF has a one year low of $57.89 and a one year 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.