Global X Defense Tech ETF $SHLD Position Boosted by Scarborough Advisors LLC

Scarborough Advisors LLC grew its holdings in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) by 59.9% during the first quarter, Holdings Channel.com reports. The firm owned 145,442 shares of the company’s stock after buying an additional 54,508 shares during the quarter. Scarborough Advisors LLC’s holdings in Global X Defense Tech ETF were worth $10,303,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Financial Life Planners acquired a new stake in shares of Global X Defense Tech ETF in the 1st quarter worth approximately $26,000. Evolution Wealth Management Inc. boosted its position in shares of Global X Defense Tech ETF by 57.0% during the 1st quarter. Evolution Wealth Management Inc. now owns 793 shares of the company’s stock valued at $56,000 after purchasing an additional 288 shares in the last quarter. International Assets Investment Management LLC grew its stake 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 purchasing an additional 731 shares during the last quarter. Main Street Group LTD bought a new stake in shares of Global X Defense Tech ETF in the 1st quarter worth approximately $126,000. Finally, PeakShares LLC bought a new stake in shares of Global X Defense Tech ETF in the 1st quarter worth approximately $140,000. 57.57% of the stock is currently owned by institutional investors.

Global X Defense Tech ETF Price Performance

SHLD stock opened at $60.06 on Monday. Global X Defense Tech ETF has a 12 month low of $57.89 and a 12 month high of $78.49. The firm has a 50 day simple moving average of $62.94 and a 200 day simple moving average of $69.61. The firm has a market cap of $6.74 billion, a PE 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.