Vectors Research Management LLC Purchases New Shares in Global X Defense Tech ETF $SHLD

Vectors Research Management LLC acquired a new stake in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 8,399 shares of the company’s stock, valued at approximately $595,000.

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

Global X Defense Tech ETF Stock Performance

Shares of NYSEARCA SHLD opened at $60.26 on Thursday. The company has a market capitalization of $6.80 billion, a price-to-earnings ratio of -4.98 and a beta of 0.29. The company has a 50 day simple moving average of $63.16 and a two-hundred day simple moving average of $69.69. Global X Defense Tech ETF has a fifty-two week low of $57.89 and a fifty-two week 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.