Joel Isaacson & Co. LLC Makes New Investment in Global X Defense Tech ETF $SHLD

Joel Isaacson & Co. LLC bought a new stake in Global X Defense Tech ETF (NYSEARCA:SHLD) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 13,000 shares of the company’s stock, valued at approximately $781,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SHLD. Bank of America Corp DE grew its stake in Global X Defense Tech ETF by 30.9% during the 1st quarter. Bank of America Corp DE now owns 9,575,995 shares of the company’s stock valued at $678,363,000 after purchasing an additional 2,262,272 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of Global X Defense Tech ETF in the first quarter worth about $120,428,000. Envestnet Asset Management Inc. raised its stake in shares of Global X Defense Tech ETF by 30.5% in the second quarter. Envestnet Asset Management Inc. now owns 1,362,699 shares of the company’s stock worth $81,367,000 after purchasing an additional 318,805 shares during the last quarter. Royal Bank of Canada raised its stake in shares of Global X Defense Tech ETF by 49.9% in the first quarter. Royal Bank of Canada now owns 817,433 shares of the company’s stock worth $57,907,000 after purchasing an additional 271,959 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of Global X Defense Tech ETF by 27.6% during the first quarter. Cetera Investment Advisers now owns 654,029 shares of the company’s stock worth $46,331,000 after purchasing an additional 141,371 shares during the period. Hedge funds and other institutional investors own 57.57% of the company’s stock.

Global X Defense Tech ETF Stock Down 1.8%

Global X Defense Tech ETF stock opened at $60.28 on Friday. The stock has a 50-day moving average price of $61.50 and a 200 day moving average price of $66.66. The company has a market capitalization of $6.02 billion, a price-to-earnings ratio of -4.98 and a beta of 0.30. Global X Defense Tech ETF has a 52 week low of $57.14 and a 52 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.