Parkway Wealth Management Group LLC Sells 132,446 Shares of Global X Defense Tech ETF $SHLD

Parkway Wealth Management Group LLC reduced its stake in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) by 21.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 494,788 shares of the company’s stock after selling 132,446 shares during the quarter. Global X Defense Tech ETF makes up 4.7% of Parkway Wealth Management Group LLC’s holdings, making the stock its 4th largest holding. Parkway Wealth Management Group LLC’s holdings in Global X Defense Tech ETF were worth $36,738,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Kestra Private Wealth Services LLC increased its holdings in shares of Global X Defense Tech ETF by 20.3% during the 1st quarter. Kestra Private Wealth Services LLC now owns 74,424 shares of the company’s stock worth $5,272,000 after purchasing an additional 12,537 shares during the period. Chatterton & Associates Inc. raised its holdings in Global X Defense Tech ETF by 121.0% in the 1st quarter. Chatterton & Associates Inc. now owns 20,999 shares of the company’s stock valued at $1,559,000 after acquiring an additional 11,499 shares in the last quarter. Cardinal Strategic Wealth Guidance lifted its position in shares of Global X Defense Tech ETF by 17.8% in the 1st quarter. Cardinal Strategic Wealth Guidance now owns 81,519 shares of the company’s stock worth $5,775,000 after acquiring an additional 12,326 shares during the period. Cardinal Point Capital Management ULC acquired a new stake in shares of Global X Defense Tech ETF during the 1st quarter worth approximately $393,000. Finally, WealthBridge Capital Management LLC increased its position in shares of Global X Defense Tech ETF by 14.1% during the first quarter. WealthBridge Capital Management LLC now owns 29,243 shares of the company’s stock valued at $2,072,000 after purchasing an additional 3,611 shares during the period. 57.57% of the stock is currently owned by institutional investors and hedge funds.

Global X Defense Tech ETF Stock Performance

Shares of SHLD stock opened at $58.20 on Friday. The firm has a fifty day moving average of $65.48 and a 200-day moving average of $70.03. The stock has a market cap of $6.91 billion, a price-to-earnings ratio of -4.81 and a beta of 0.20. Global X Defense Tech ETF has a 52-week low of $58.08 and a 52-week high of $78.49.

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.