Global X Defense Tech ETF $SHLD Stock Bought by Valley Wealth Managers Inc.

Valley Wealth Managers Inc. grew its holdings in Global X Defense Tech ETF (NYSEARCA:SHLD) by 6.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 259,995 shares of the company’s stock after purchasing an additional 16,757 shares during the period. Valley Wealth Managers Inc.’s holdings in Global X Defense Tech ETF were worth $15,620,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD acquired a new stake in shares of Global X Defense Tech ETF during the 2nd quarter valued at $4,910,000. Solstein Capital LLC increased its stake in shares of Global X Defense Tech ETF by 34.5% in the second quarter. Solstein Capital LLC now owns 44,211 shares of the company’s stock worth $2,640,000 after acquiring an additional 11,352 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of Global X Defense Tech ETF by 40.1% in the second quarter. NewEdge Advisors LLC now owns 675,460 shares of the company’s stock worth $40,332,000 after acquiring an additional 193,449 shares during the last quarter. Ameliora Wealth Management Ltd. raised its holdings in shares of Global X Defense Tech ETF by 41.4% during the second quarter. Ameliora Wealth Management Ltd. now owns 85,039 shares of the company’s stock worth $5,078,000 after acquiring an additional 24,888 shares in the last quarter. Finally, BlueCrest Capital Management Ltd purchased a new stake in shares of Global X Defense Tech ETF during the second quarter worth $3,583,000. 57.57% of the stock is owned by hedge funds and other institutional investors.

Global X Defense Tech ETF Stock Performance

NYSEARCA:SHLD opened at $59.87 on Friday. The company has a market capitalization of $6.36 billion, a P/E ratio of -4.94 and a beta of 0.33. The stock’s 50 day moving average price is $64.32 and its 200 day moving average price is $65.27. Global X Defense Tech ETF has a 52 week low of $57.89 and a 52 week high of $78.49.

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.