Fortem Financial Group LLC Grows Position in Global X Defense Tech ETF $SHLD

Fortem Financial Group LLC grew its position in Global X Defense Tech ETF (NYSEARCA:SHLD) by 1,664.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,873 shares of the company’s stock after purchasing an additional 71,573 shares during the period. Global X Defense Tech ETF makes up approximately 1.3% of Fortem Financial Group LLC’s holdings, making the stock its 23rd largest holding. Fortem Financial Group LLC owned approximately 0.06% of Global X Defense Tech ETF worth $5,375,000 at the end of the most recent quarter.

Separately, Nations Financial Group Inc. IA ADV increased its position in Global X Defense Tech ETF by 14.4% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 10,144 shares of the company’s stock worth $719,000 after purchasing an additional 1,280 shares in the last quarter. 57.57% of the stock is currently owned by institutional investors and hedge funds.

Global X Defense Tech ETF Stock Performance

NYSEARCA SHLD opened at $62.30 on Friday. The firm has a market capitalization of $7.39 billion, a price-to-earnings ratio of -5.14 and a beta of 0.20. Global X Defense Tech ETF has a one year low of $57.14 and a one year high of $78.49. The company’s 50 day moving average price is $66.63 and its 200 day moving average price is $70.04.

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.