Steelhead Wealth Management LLC Takes Position in Global X Defense Tech ETF $SHLD

Steelhead Wealth Management LLC purchased a new position in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) in the first quarter, Holdings Channel.com reports. The institutional investor purchased 42,006 shares of the company’s stock, valued at approximately $2,975,000. Global X Defense Tech ETF accounts for 1.5% of Steelhead Wealth Management LLC’s holdings, making the stock its 15th largest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of SHLD. Contango Wealth Management LLC acquired a new position in Global X Defense Tech ETF during the first quarter worth approximately $823,000. Town Capital LLC boosted its stake in shares of Global X Defense Tech ETF by 43.0% during the 1st quarter. Town Capital LLC now owns 42,904 shares of the company’s stock worth $3,039,000 after acquiring an additional 12,902 shares during the period. Parallel Advisors LLC boosted its stake in shares of Global X Defense Tech ETF by 19.1% during the 1st quarter. Parallel Advisors LLC now owns 7,470 shares of the company’s stock worth $529,000 after acquiring an additional 1,196 shares during the period. NewEdge Advisors LLC boosted its position in Global X Defense Tech ETF by 28.3% during the first quarter. NewEdge Advisors LLC now owns 482,011 shares of the company’s stock worth $34,146,000 after purchasing an additional 106,227 shares during the period. Finally, Foguth Wealth Management LLC. increased its holdings in shares of Global X Defense Tech ETF by 9.7% in the first quarter. Foguth Wealth Management LLC. now owns 81,761 shares of the company’s stock valued at $5,521,000 after purchasing an additional 7,211 shares during the last quarter. Institutional investors own 57.57% of the company’s stock.

Global X Defense Tech ETF Price Performance

Shares of SHLD opened at $63.25 on Monday. The company’s 50-day moving average is $62.56 and its 200-day moving average is $69.08. The firm has a market capitalization of $7.05 billion, a PE ratio of -5.22 and a beta of 0.29. Global X Defense Tech ETF has a fifty-two week low of $57.89 and a fifty-two week high of $78.49.

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.