Midwest Capital Advisors LLC Sells 22,402 Shares of Global X Defense Tech ETF $SHLD

Midwest Capital Advisors LLC cut its holdings in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) by 17.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 105,356 shares of the company’s stock after selling 22,402 shares during the quarter. Global X Defense Tech ETF makes up approximately 2.4% of Midwest Capital Advisors LLC’s holdings, making the stock its 13th largest holding. Midwest Capital Advisors LLC owned about 0.10% of Global X Defense Tech ETF worth $6,330,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in SHLD. FWG Investments LLC. boosted its stake in shares of Global X Defense Tech ETF by 27.0% during the 3rd quarter. FWG Investments LLC. now owns 14,845 shares of the company’s stock valued at $892,000 after buying an additional 3,160 shares during the last quarter. Endowment Wealth Management Inc. increased its stake in shares of Global X Defense Tech ETF by 25.1% in the third quarter. Endowment Wealth Management Inc. now owns 20,098 shares of the company’s stock worth $1,207,000 after buying an additional 4,038 shares during the last quarter. StoneX Group Inc. bought a new stake in shares of Global X Defense Tech ETF in the third quarter worth $387,000. Montgomery Financial Services LLC increased its stake in shares of Global X Defense Tech ETF by 135.9% in the third quarter. Montgomery Financial Services LLC now owns 743 shares of the company’s stock worth $45,000 after buying an additional 428 shares during the last quarter. Finally, Tennessee Valley Asset Management Partners raised its holdings in Global X Defense Tech ETF by 22.6% in the third quarter. Tennessee Valley Asset Management Partners now owns 203,014 shares of the company’s stock valued at $12,197,000 after acquiring an additional 37,453 shares in the last quarter. 57.57% of the stock is owned by institutional investors and hedge funds.

Global X Defense Tech ETF Price Performance

SHLD opened at $60.90 on Tuesday. Global X Defense Tech ETF has a 12-month low of $57.14 and a 12-month high of $78.49. The stock has a market capitalization of $6.28 billion, a PE ratio of -5.03 and a beta of 0.30. The firm’s fifty day moving average price is $61.69 and its 200 day moving average price is $66.89.

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.