Global X Defense Tech ETF $SHLD Stake Cut by Physician Wealth Advisors Inc.

Physician Wealth Advisors Inc. lessened its stake in Global X Defense Tech ETF (NYSEARCA:SHLD) by 14.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 144,478 shares of the company’s stock after selling 24,644 shares during the quarter. Global X Defense Tech ETF accounts for 1.0% of Physician Wealth Advisors Inc.’s investment portfolio, making the stock its 21st largest position. Physician Wealth Advisors Inc.’s holdings in Global X Defense Tech ETF were worth $8,680,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Financial Life Planners acquired a new position in Global X Defense Tech ETF during the first quarter worth about $26,000. CX Institutional acquired a new position in shares of Global X Defense Tech ETF in the second quarter valued at approximately $29,000. GK Wealth Management LLC acquired a new position in Global X Defense Tech ETF in the 3rd quarter valued at $32,000. Evolution Wealth Management Inc. lifted its position in Global X Defense Tech ETF by 57.0% during the first 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. Finally, Markowski Investments purchased a new position in shares of Global X Defense Tech ETF during the 2nd quarter worth about $77,000. 57.57% of the stock is owned by hedge funds and other institutional investors.

Global X Defense Tech ETF Trading Up 0.0%

Shares of SHLD opened at $61.33 on Wednesday. The firm has a market capitalization of $6.45 billion, a P/E ratio of -5.06 and a beta of 0.33. Global X Defense Tech ETF has a twelve month low of $57.89 and a twelve month high of $78.49. The stock’s fifty day simple moving average is $63.28 and its 200 day simple moving average is $64.68.

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.