Quadrant Private Wealth Management LLC Buys 16,014 Shares of Global X Defense Tech ETF $SHLD

Quadrant Private Wealth Management LLC raised its stake in Global X Defense Tech ETF (NYSEARCA:SHLD) by 49.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,524 shares of the company’s stock after purchasing an additional 16,014 shares during the period. Quadrant Private Wealth Management LLC’s holdings in Global X Defense Tech ETF were worth $3,437,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Financial Life Planners purchased a new stake in shares of Global X Defense Tech ETF during the first quarter valued at about $26,000. Evolution Wealth Management Inc. grew its position in shares of 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 buying an additional 288 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of Global X Defense Tech ETF by 75.8% in the 1st quarter. International Assets Investment Management LLC now owns 1,695 shares of the company’s stock worth $125,000 after buying an additional 731 shares during the last quarter. Main Street Group LTD purchased a new position in shares of Global X Defense Tech ETF in the 1st quarter worth approximately $126,000. Finally, PeakShares LLC bought a new position in shares of Global X Defense Tech ETF during the 1st quarter worth approximately $140,000. 57.57% of the stock is currently owned by institutional investors.

Global X Defense Tech ETF Stock Up 0.3%

NYSEARCA:SHLD opened at $60.06 on Friday. Global X Defense Tech ETF has a 52 week low of $57.89 and a 52 week high of $78.49. The firm has a 50 day moving average of $62.94 and a 200 day moving average of $69.58. The stock has a market capitalization of $6.74 billion, a price-to-earnings ratio of -4.96 and a beta of 0.29.

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.