TSA Wealth Managment LLC Raises Holdings in Global X Defense Tech ETF $SHLD

TSA Wealth Managment LLC raised its stake in Global X Defense Tech ETF (NYSEARCA:SHLD) by 70.1% during the first quarter, Holdings Channel.com reports. The firm owned 76,467 shares of the company’s stock after purchasing an additional 31,524 shares during the quarter. Global X Defense Tech ETF accounts for about 1.8% of TSA Wealth Managment LLC’s portfolio, making the stock its 19th largest position. TSA Wealth Managment LLC’s holdings in Global X Defense Tech ETF were worth $5,417,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Triad Wealth Partners LLC grew its position 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 worth $15,162,000 after buying an additional 113,480 shares in the last quarter. CFS Investment Advisory Services LLC raised its holdings in Global X Defense Tech ETF by 67.3% in the first quarter. CFS Investment Advisory Services LLC now owns 179,757 shares of the company’s stock valued at $13,185,000 after acquiring an additional 72,281 shares in the last quarter. Fortem Financial Group LLC raised its holdings in 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 valued at $5,375,000 after acquiring an additional 71,573 shares in the last quarter. Horst & Graben Wealth Management LLC lifted its stake in Global X Defense Tech ETF by 74.5% in the first quarter. Horst & Graben Wealth Management LLC now owns 154,953 shares of the company’s stock worth $10,456,000 after acquiring an additional 66,173 shares during the last quarter. Finally, EWA LLC lifted its stake in Global X Defense Tech ETF by 66.8% in the first quarter. EWA LLC now owns 129,631 shares of the company’s stock worth $9,183,000 after acquiring an additional 51,899 shares during the last quarter. Hedge funds and other institutional investors own 57.57% of the company’s stock.

Global X Defense Tech ETF Stock Down 0.4%

NYSEARCA SHLD traded down $0.27 on Friday, hitting $61.19. 645,125 shares of the stock were exchanged, compared to its average volume of 2,048,537. Global X Defense Tech ETF has a fifty-two week low of $57.89 and a fifty-two week high of $78.49. The company has a market cap of $6.95 billion, a PE ratio of -5.05 and a beta of 0.29. The company has a 50-day moving average price of $63.62 and a 200-day moving average price of $69.80.

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.