Global X Defense Tech ETF $SHLD Stock Sold by KWB Wealth

by · The Markets Daily

KWB Wealth reduced its holdings in shares of Global X Defense Tech ETF (NYSEARCA:SHLD – Free Report) by 21.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 161,467 shares of the company’s stock after selling 43,412 shares during the period. KWB Wealth owned about 0.15% of Global X Defense Tech ETF worth $9,701,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vontobel Holding Ltd. purchased a new position in Global X Defense Tech ETF in the third quarter valued at $417,000. Newport Capital Group LLC purchased a new position in Global X Defense Tech ETF in the third quarter worth $4,041,000. Activest Wealth Management boosted its position in Global X Defense Tech ETF by 2.4% during the third quarter. Activest Wealth Management now owns 7,112 shares of the company’s stock worth $427,000 after purchasing an additional 168 shares in the last quarter. WealthPLAN Partners LLC acquired a new position in shares of Global X Defense Tech ETF in the third quarter worth $952,000. Finally, RDA Financial Network lifted its stake in shares of Global X Defense Tech ETF by 17.4% during the third quarter. RDA Financial Network now owns 11,280 shares of the company’s stock valued at $678,000 after buying an additional 1,669 shares during the period. Hedge funds and other institutional investors own 57.57% of the company’s stock.

Global X Defense Tech ETF Stock Up 1.4%

Shares of NYSEARCA:SHLD traded up $0.83 during midday trading on Friday, reaching $61.48. The company’s stock had a trading volume of 776,614 shares, compared to its average volume of 1,738,205. Global X Defense Tech ETF has a 1 year low of $57.89 and a 1 year high of $78.49. The business has a 50 day moving average price of $63.61 and a 200 day moving average price of $64.85. The firm has a market cap of $6.48 billion, a price-to-earnings ratio of -5.08 and a beta of 0.33.

Global X Defense Tech ETF Profile

(Free Report)

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.

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