Tsfg LLC Sells 81,851 Shares of Global X Defense Tech ETF $SHLD

Tsfg LLC lessened its position in Global X Defense Tech ETF (NYSEARCA:SHLD) by 96.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,832 shares of the company’s stock after selling 81,851 shares during the quarter. Tsfg LLC’s holdings in Global X Defense Tech ETF were worth $169,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Financial Life Planners purchased a new position in Global X Defense Tech ETF during the first quarter valued at $26,000. CX Institutional purchased a new position in Global X Defense Tech ETF during the 2nd quarter valued at about $29,000. Evolution Wealth Management Inc. boosted its stake in Global X Defense Tech ETF by 57.0% during the first quarter. Evolution Wealth Management Inc. now owns 793 shares of the company’s stock worth $56,000 after acquiring an additional 288 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Global X Defense Tech ETF by 12.1% in the first quarter. EverSource Wealth Advisors LLC now owns 1,681 shares of the company’s stock worth $119,000 after purchasing an additional 181 shares during the period. Finally, International Assets Investment Management LLC grew its holdings in Global X Defense Tech ETF by 75.8% in the first 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 period. Hedge funds and other institutional investors own 57.57% of the company’s stock.

Global X Defense Tech ETF Stock Performance

Shares of NYSEARCA SHLD opened at $64.11 on Wednesday. The company has a 50 day simple moving average of $64.23 and a two-hundred day simple moving average of $67.87. 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 capitalization of $7.12 billion, a price-to-earnings ratio of -5.29 and a beta of 0.27.

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.