258,489 Shares of Global X Defense Tech ETF $SHLD Bought by Park Avenue Securities LLC

Park Avenue Securities LLC acquired a new position in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 258,489 shares of the company’s stock, valued at approximately $15,530,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SHLD. Kingswood Wealth Advisors LLC boosted its holdings in Global X Defense Tech ETF by 9.3% in the third quarter. Kingswood Wealth Advisors LLC now owns 4,592 shares of the company’s stock valued at $276,000 after acquiring an additional 392 shares during the last quarter. Centerpoint Advisory Group increased its position in Global X Defense Tech ETF by 74.7% during the 3rd quarter. Centerpoint Advisory Group now owns 10,233 shares of the company’s stock valued at $615,000 after purchasing an additional 4,375 shares during the period. Beacon Capital Management LLC increased its position in Global X Defense Tech ETF by 14.4% during the 3rd quarter. Beacon Capital Management LLC now owns 98,714 shares of the company’s stock valued at $5,931,000 after purchasing an additional 12,410 shares during the period. Corecam Pte. Ltd. acquired a new stake in Global X Defense Tech ETF during the 3rd quarter valued at approximately $1,030,000. Finally, Citizens Financial Group Inc. RI bought a new position in Global X Defense Tech ETF during the 3rd quarter worth approximately $1,254,000. 57.57% of the stock is owned by institutional investors and hedge funds.

Global X Defense Tech ETF Stock Performance

Global X Defense Tech ETF stock opened at $63.24 on Wednesday. The firm has a market cap of $6.59 billion, a price-to-earnings ratio of -5.22 and a beta of 0.33. 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 price of $62.64 and a two-hundred day moving average price of $67.54.

About Global X Defense Tech ETF

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.