Global X Defense Tech ETF $SHLD is Ehrlich Financial Group’s 6th Largest Position

Ehrlich Financial Group grew its position in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) by 23.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 101,933 shares of the company’s stock after buying an additional 19,262 shares during the period. Global X Defense Tech ETF accounts for 3.1% of Ehrlich Financial Group’s investment portfolio, making the stock its 6th largest position. Ehrlich Financial Group owned about 0.09% of Global X Defense Tech ETF worth $6,086,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Chatterton & Associates Inc. raised 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 valued at $1,559,000 after acquiring an additional 11,499 shares during the period. Contango Wealth Management LLC purchased a new stake in Global X Defense Tech ETF during the first quarter valued at about $823,000. Kestra Private Wealth Services LLC boosted its position in Global X Defense Tech ETF by 20.3% during the first quarter. Kestra Private Wealth Services LLC now owns 74,424 shares of the company’s stock worth $5,272,000 after purchasing an additional 12,537 shares during the period. EWA LLC boosted its position in Global X Defense Tech ETF by 66.8% during the first quarter. EWA LLC now owns 129,631 shares of the company’s stock worth $9,183,000 after purchasing an additional 51,899 shares during the period. Finally, Independent Financial Group LLC purchased a new position in shares of Global X Defense Tech ETF in the first quarter worth about $6,698,000. Institutional investors own 57.57% of the company’s stock.

Global X Defense Tech ETF Trading Up 1.9%

SHLD opened at $69.04 on Friday. The company has a 50 day moving average of $62.64 and a 200 day moving average of $68.79. The company has a market cap of $7.67 billion, a PE ratio of -5.70 and a beta of 0.27. Global X Defense Tech ETF has a 12 month low of $57.89 and a 12 month 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.