Global X Defense Tech ETF $SHLD is Midwest Capital Advisors LLC’s 10th Largest Position

Midwest Capital Advisors LLC lifted its stake in Global X Defense Tech ETF (NYSEARCA:SHLD) by 52.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 96,120 shares of the company’s stock after purchasing an additional 32,971 shares during the quarter. Global X Defense Tech ETF comprises approximately 3.2% of Midwest Capital Advisors LLC’s holdings, making the stock its 10th largest position. Midwest Capital Advisors LLC’s holdings in Global X Defense Tech ETF were worth $6,809,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in SHLD. Rockefeller Capital Management L.P. increased its position in Global X Defense Tech ETF by 19.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 77,000 shares of the company’s stock valued at $4,989,000 after buying an additional 12,702 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its holdings in Global X Defense Tech ETF by 14.4% in 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. Fortem Financial Group LLC grew its stake in shares of 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 worth $5,375,000 after acquiring an additional 71,573 shares during the last quarter. Triad Wealth Partners LLC grew its stake in shares of Global X Defense Tech ETF by 112.9% in the first quarter. Triad Wealth Partners LLC now owns 214,036 shares of the company’s stock worth $15,162,000 after acquiring an additional 113,480 shares during the last quarter. Finally, Terra Nova Asset Management LLC increased its holdings in shares of Global X Defense Tech ETF by 3.3% during the first quarter. Terra Nova Asset Management LLC now owns 24,589 shares of the company’s stock valued at $1,742,000 after acquiring an additional 783 shares in the last quarter. Hedge funds and other institutional investors own 57.57% of the company’s stock.

Global X Defense Tech ETF Price Performance

SHLD opened at $61.20 on Thursday. The firm has a market cap of $7.06 billion, a PE ratio of -5.05 and a beta of 0.29. The stock has a 50-day moving average price of $64.35 and a 200-day moving average price of $69.89. Global X Defense Tech ETF has a 1 year low of $57.89 and a 1 year 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.