Global X Defense Tech ETF $SHLD Shares Purchased by Bedminster LLC

Bedminster LLC raised its holdings in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) by 40.4% during the 1st quarter, Holdings Channel reports. The fund owned 35,230 shares of the company’s stock after purchasing an additional 10,141 shares during the period. Global X Defense Tech ETF makes up approximately 2.3% of Bedminster LLC’s portfolio, making the stock its 14th largest holding. Bedminster LLC’s holdings in Global X Defense Tech ETF were worth $2,496,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in SHLD. Financial Life Planners bought a new position in shares of Global X Defense Tech ETF in the first quarter worth $26,000. Advocate Investing Services LLC acquired a new position in Global X Defense Tech ETF during the 1st quarter valued at about $177,000. Oregon Pacific Wealth Management LLC bought a new stake in shares of Global X Defense Tech ETF during the 1st quarter worth about $205,000. Partners Wealth Management LLC bought a new stake in shares of Global X Defense Tech ETF during the 1st quarter worth about $213,000. Finally, Caliber Wealth Management LLC KS acquired a new stake in shares of Global X Defense Tech ETF in the 1st quarter worth approximately $291,000. Institutional investors and hedge funds own 57.57% of the company’s stock.

Global X Defense Tech ETF Price Performance

Global X Defense Tech ETF stock opened at $63.96 on Friday. Global X Defense Tech ETF has a 12-month low of $57.89 and a 12-month high of $78.49. The stock has a market capitalization of $7.38 billion, a PE ratio of -5.28 and a beta of 0.29. The firm has a 50 day simple moving average of $64.22 and a 200-day simple moving average of $69.89.

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.