Brookstone Capital Management Has $1.03 Million Holdings in Global X Defense Tech ETF $SHLD

Brookstone Capital Management raised its position in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) by 176.4% in the first quarter, Holdings Channel.com reports. The institutional investor owned 14,486 shares of the company’s stock after buying an additional 9,245 shares during the period. Brookstone Capital Management’s holdings in Global X Defense Tech ETF were worth $1,026,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Triad Wealth Partners LLC raised its holdings in shares of Global X Defense Tech ETF by 112.9% during the first quarter. Triad Wealth Partners LLC now owns 214,036 shares of the company’s stock valued at $15,162,000 after acquiring an additional 113,480 shares during the period. Fortem Financial Group LLC boosted its stake in Global X Defense Tech ETF by 1,664.5% in the 1st quarter. Fortem Financial Group LLC now owns 75,873 shares of the company’s stock worth $5,375,000 after purchasing an additional 71,573 shares during the period. Rockefeller Capital Management L.P. boosted its stake in Global X Defense Tech ETF by 19.8% in the 4th 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. Spectrum Planning & Advisory Services Inc. grew its position in Global X Defense Tech ETF by 47.5% during the 1st quarter. Spectrum Planning & Advisory Services Inc. now owns 34,944 shares of the company’s stock worth $2,475,000 after purchasing an additional 11,247 shares in the last quarter. Finally, Evolve Private Wealth LLC purchased a new position in Global X Defense Tech ETF during the 1st quarter worth approximately $600,000. 57.57% of the stock is owned by hedge funds and other institutional investors.

Global X Defense Tech ETF Stock Up 0.3%

Shares of NYSEARCA:SHLD opened at $58.39 on Friday. The company’s fifty day moving average is $65.16 and its two-hundred day moving average is $69.95. The company has a market cap of $6.93 billion, a P/E ratio of -4.82 and a beta of 0.20. Global X Defense Tech ETF has a 12-month low of $57.89 and a 12-month high of $78.49.

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.