62,341 Shares in Global X Defense Tech ETF $SHLD Acquired by Newport Capital Group LLC

Newport Capital Group LLC bought a new stake in Global X Defense Tech ETF (NYSEARCA:SHLD) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 62,341 shares of the company’s stock, valued at approximately $4,041,000. Global X Defense Tech ETF comprises about 2.7% of Newport Capital Group LLC’s holdings, making the stock its 13th largest position. Newport Capital Group LLC owned approximately 0.06% of Global X Defense Tech ETF as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of SHLD. Activest Wealth Management lifted its stake in Global X Defense Tech ETF by 2.4% during the 3rd quarter. Activest Wealth Management now owns 7,112 shares of the company’s stock valued at $427,000 after acquiring an additional 168 shares during the period. WealthPLAN Partners LLC acquired a new stake in shares of Global X Defense Tech ETF in the third quarter worth $952,000. RDA Financial Network increased its stake in shares of Global X Defense Tech ETF by 17.4% in the third quarter. RDA Financial Network now owns 11,280 shares of the company’s stock worth $678,000 after acquiring an additional 1,669 shares during the period. Mather Group LLC. purchased a new position in shares of Global X Defense Tech ETF during the third quarter worth $1,403,000. Finally, West Wealth Group LLC boosted its holdings in Global X Defense Tech ETF by 2.3% in the third quarter. West Wealth Group LLC now owns 209,693 shares of the company’s stock valued at $12,598,000 after purchasing an additional 4,776 shares during the last quarter. Institutional investors and hedge funds own 57.57% of the company’s stock.

Global X Defense Tech ETF Trading Up 1.4%

SHLD traded up $0.83 during midday trading on Friday, hitting $61.48. 776,614 shares of the company were exchanged, compared to its average volume of 1,738,205. The company’s 50 day simple moving average is $63.61 and its 200 day simple moving average is $64.85. The firm has a market capitalization of $6.48 billion, a price-to-earnings ratio of -5.08 and a beta of 0.33. Global X Defense Tech ETF has a 1-year low of $57.89 and a 1-year high of $78.49.

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.