XY Planning Network Inc. Boosts Stock Position in Global X Defense Tech ETF $SHLD

XY Planning Network Inc. raised its holdings in Global X Defense Tech ETF (NYSEARCA:SHLD) by 113.7% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,499 shares of the company’s stock after acquiring an additional 11,438 shares during the quarter. XY Planning Network Inc.’s holdings in Global X Defense Tech ETF were worth $1,284,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of SHLD. Financial Life Planners purchased a new stake in shares of Global X Defense Tech ETF during the first quarter valued at $26,000. CX Institutional purchased a new position in Global X Defense Tech ETF in the 2nd quarter worth about $29,000. Evolution Wealth Management Inc. increased its stake in Global X Defense Tech ETF by 57.0% in the 1st quarter. Evolution Wealth Management Inc. now owns 793 shares of the company’s stock worth $56,000 after buying an additional 288 shares during the period. Markowski Investments bought a new stake in Global X Defense Tech ETF during the 2nd quarter valued at about $77,000. Finally, XP Advisory US Inc. bought a new stake in Global X Defense Tech ETF during the 2nd quarter valued at about $93,000. Hedge funds and other institutional investors own 57.57% of the company’s stock.

Global X Defense Tech ETF Price Performance

Shares of SHLD stock opened at $62.72 on Wednesday. The company has a market capitalization of $6.97 billion, a P/E ratio of -5.18 and a beta of 0.27. The company’s 50-day simple moving average is $64.66 and its two-hundred day simple moving average is $67.55. Global X Defense Tech ETF has a one year low of $57.89 and a one year high of $78.49.

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.