24,470 Shares in Global X Defense Tech ETF $SHLD Bought by Principle Wealth Partners LLC

Principle Wealth Partners LLC bought a new position in shares of Global X Defense Tech ETF (NYSEARCA:SHLD – Free Report) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 24,470 shares of the company’s stock, valued at approximately $1,470,000.

A number of other hedge funds also recently added to or reduced their stakes in SHLD. CX Institutional purchased a new position in Global X Defense Tech ETF in the 2nd quarter valued at approximately $29,000. Raleigh Capital Management Inc. boosted its position in Global X Defense Tech ETF by 102.9% in the 3rd quarter. Raleigh Capital Management Inc. now owns 489 shares of the company’s stock valued at $29,000 after buying an additional 248 shares during the period. GK Wealth Management LLC acquired a new position in shares of Global X Defense Tech ETF in the third quarter worth $32,000. Manchester Capital Management LLC acquired a new position in shares of Global X Defense Tech ETF in the third quarter worth $32,000. Finally, Blue Bell Private Wealth Management LLC acquired a new position in shares of Global X Defense Tech ETF in the third quarter worth $39,000. 57.57% of the stock is currently owned by institutional investors and hedge funds.

Global X Defense Tech ETF Stock Performance

Shares of Global X Defense Tech ETF stock traded up $0.17 during trading hours on Friday, reaching $58.20. 1,734,071 shares of the company were exchanged, compared to its average volume of 1,714,589. Global X Defense Tech ETF has a 1 year low of $57.14 and a 1 year high of $78.49. The stock’s fifty day moving average is $61.79 and its 200 day moving average is $66.97. The firm has a market cap of $6.00 billion, a PE ratio of -4.81 and a beta of 0.30.

About Global X Defense Tech ETF

(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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