17,143 Shares in Global X Defense Tech ETF $SHLD Acquired by Corecam Pte. Ltd.

Corecam Pte. Ltd. purchased a new stake in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 17,143 shares of the company’s stock, valued at approximately $1,030,000.

Other hedge funds have also modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of Global X Defense Tech ETF by 151.1% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,645,365 shares of the company’s stock worth $329,078,000 after purchasing an additional 2,795,100 shares during the period. Bank of America Corp DE increased its stake in shares of Global X Defense Tech ETF by 30.9% in the first quarter. Bank of America Corp DE now owns 9,575,995 shares of the company’s stock worth $678,363,000 after purchasing an additional 2,262,272 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd bought a new stake in shares of Global X Defense Tech ETF during the 1st quarter valued at $120,428,000. Wedbush Securities Inc. raised its position in shares of Global X Defense Tech ETF by 7,064.6% during the 2nd quarter. Wedbush Securities Inc. now owns 373,205 shares of the company’s stock valued at $11,498,000 after purchasing an additional 367,996 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in shares of Global X Defense Tech ETF by 30.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,362,699 shares of the company’s stock valued at $81,367,000 after purchasing an additional 318,805 shares during the period. 57.57% of the stock is currently owned by institutional investors.

Global X Defense Tech ETF Stock Performance

SHLD opened at $61.89 on Friday. The stock has a market cap of $6.45 billion, a price-to-earnings ratio of -5.11 and a beta of 0.33. The firm’s fifty day moving average is $62.76 and its 200 day moving average is $64.49. Global X Defense Tech ETF has a fifty-two week low of $57.89 and a fifty-two week high of $78.49.

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.