Valley Wealth Managers Inc. Increases Stake in Global X Defense Tech ETF $SHLD

Valley Wealth Managers Inc. raised its stake in Global X Defense Tech ETF (NYSEARCA:SHLD) by 16.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 193,621 shares of the company’s stock after acquiring an additional 27,529 shares during the quarter. Valley Wealth Managers Inc. owned approximately 0.16% of Global X Defense Tech ETF worth $13,716,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Financial Life Planners acquired a new stake in shares of Global X Defense Tech ETF during the 1st quarter worth approximately $26,000. Evolution Wealth Management Inc. lifted its stake in shares of Global X Defense Tech ETF by 57.0% in the 1st quarter. Evolution Wealth Management Inc. now owns 793 shares of the company’s stock valued at $56,000 after purchasing an additional 288 shares during the period. International Assets Investment Management LLC lifted its stake in shares of Global X Defense Tech ETF by 75.8% in the 1st quarter. International Assets Investment Management LLC now owns 1,695 shares of the company’s stock valued at $125,000 after purchasing an additional 731 shares during the period. Main Street Group LTD purchased a new stake in Global X Defense Tech ETF during the first quarter worth $126,000. Finally, PeakShares LLC purchased a new stake in Global X Defense Tech ETF during the first quarter worth $140,000. Hedge funds and other institutional investors own 57.57% of the company’s stock.

Global X Defense Tech ETF Stock Performance

SHLD stock opened at $60.06 on Friday. Global X Defense Tech ETF has a one year low of $57.89 and a one year high of $78.49. The firm’s fifty day moving average is $62.94 and its 200 day moving average is $69.58. The firm has a market cap of $6.74 billion, a PE ratio of -4.96 and a beta of 0.29.

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.