Global X Defense Tech ETF $SHLD Shares Purchased by Bank of America Corp DE

Bank of America Corp DE grew its stake in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) by 30.9% in the 1st quarter, Holdings Channel reports. The firm owned 9,575,995 shares of the company’s stock after acquiring an additional 2,262,272 shares during the quarter. Bank of America Corp DE owned about 0.08% of Global X Defense Tech ETF worth $678,363,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of SHLD. Chatterton & Associates Inc. boosted its stake in Global X Defense Tech ETF by 121.0% in the 1st quarter. Chatterton & Associates Inc. now owns 20,999 shares of the company’s stock worth $1,559,000 after purchasing an additional 11,499 shares during the period. Kestra Private Wealth Services LLC grew its holdings in Global X Defense Tech ETF by 20.3% during the 1st quarter. Kestra Private Wealth Services LLC now owns 74,424 shares of the company’s stock valued at $5,272,000 after buying an additional 12,537 shares in the last quarter. Valley Wealth Managers Inc. increased its position in shares of Global X Defense Tech ETF by 16.6% during the first quarter. Valley Wealth Managers Inc. now owns 193,621 shares of the company’s stock valued at $13,716,000 after buying an additional 27,529 shares during the period. EWA LLC increased its position in shares of Global X Defense Tech ETF by 66.8% during the first quarter. EWA LLC now owns 129,631 shares of the company’s stock valued at $9,183,000 after buying an additional 51,899 shares during the period. Finally, Kestra Advisory Services LLC lifted its holdings in shares of Global X Defense Tech ETF by 47.9% in the first quarter. Kestra Advisory Services LLC now owns 81,768 shares of the company’s stock worth $5,792,000 after buying an additional 26,484 shares in the last quarter. Institutional investors and hedge funds own 57.57% of the company’s stock.

Global X Defense Tech ETF Trading Up 0.8%

SHLD stock opened at $63.25 on Friday. The firm has a 50 day moving average of $62.56 and a 200-day moving average of $69.13. Global X Defense Tech ETF has a 12 month low of $57.89 and a 12 month high of $78.49. The firm has a market capitalization of $7.05 billion, a P/E ratio of -5.22 and a beta of 0.29.

Global X Defense Tech ETF 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.