Global X Defense Tech ETF $SHLD Stock Holdings Raised by Confluence Investment Management LLC

Confluence Investment Management LLC grew its position in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) by 113.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 262,921 shares of the company’s stock after buying an additional 139,645 shares during the period. Confluence Investment Management LLC owned about 0.22% of Global X Defense Tech ETF worth $15,699,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Financial Life Planners acquired a new stake in Global X Defense Tech ETF during the first quarter valued at approximately $26,000. Evolution Wealth Management Inc. increased its position in Global X Defense Tech ETF by 57.0% in the 1st quarter. Evolution Wealth Management Inc. now owns 793 shares of the company’s stock worth $56,000 after purchasing an additional 288 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Global X Defense Tech ETF by 12.1% during the first quarter. EverSource Wealth Advisors LLC now owns 1,681 shares of the company’s stock valued at $119,000 after acquiring an additional 181 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in Global X Defense Tech ETF by 75.8% in the first quarter. International Assets Investment Management LLC now owns 1,695 shares of the company’s stock worth $125,000 after purchasing an additional 731 shares in the last quarter. Finally, Main Street Group LTD bought a new position in shares of Global X Defense Tech ETF in the 1st quarter valued at approximately $126,000. Institutional investors own 57.57% of the company’s stock.

Global X Defense Tech ETF Stock Performance

NYSEARCA SHLD opened at $64.37 on Tuesday. Global X Defense Tech ETF has a twelve month low of $57.89 and a twelve month high of $78.49. The stock has a market capitalization of $7.18 billion, a PE ratio of -5.32 and a beta of 0.29. The stock has a 50-day simple moving average of $62.55 and a 200 day simple moving average of $69.00.

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.