Triad Wealth Partners LLC Has $15.16 Million Stake in Global X Defense Tech ETF $SHLD

Triad Wealth Partners LLC increased its stake in Global X Defense Tech ETF (NYSEARCA:SHLD) by 112.9% in the 1st quarter, HoldingsChannel.com reports. The fund owned 214,036 shares of the company’s stock after purchasing an additional 113,480 shares during the quarter. Global X Defense Tech ETF comprises 1.2% of Triad Wealth Partners LLC’s investment portfolio, making the stock its 18th largest holding. Triad Wealth Partners LLC’s holdings in Global X Defense Tech ETF were worth $15,162,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of SHLD. Nations Financial Group Inc. IA ADV boosted its stake in Global X Defense Tech ETF by 14.4% during the first quarter. Nations Financial Group Inc. IA ADV now owns 10,144 shares of the company’s stock worth $719,000 after acquiring an additional 1,280 shares in the last quarter. Rockefeller Capital Management L.P. grew its holdings in Global X Defense Tech ETF by 19.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 77,000 shares of the company’s stock worth $4,989,000 after purchasing an additional 12,702 shares during the period. Finally, Fortem Financial Group LLC increased its stake in Global X Defense Tech ETF by 1,664.5% in the first quarter. Fortem Financial Group LLC now owns 75,873 shares of the company’s stock valued at $5,375,000 after purchasing an additional 71,573 shares in the last quarter. Institutional investors and hedge funds own 57.57% of the company’s stock.

Global X Defense Tech ETF Stock Performance

SHLD opened at $62.30 on Friday. The company has a fifty day moving average price of $66.63 and a two-hundred day moving average price of $70.04. Global X Defense Tech ETF has a 1-year low of $57.14 and a 1-year high of $78.49. The company has a market cap of $7.39 billion, a P/E ratio of -5.14 and a beta of 0.20.

Global X Defense Tech ETF Company 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.