Ewa LLC Has $9.18 Million Stock Holdings in Global X Defense Tech ETF $SHLD

Ewa LLC grew its position in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) by 66.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 129,631 shares of the company’s stock after purchasing an additional 51,899 shares during the quarter. Global X Defense Tech ETF accounts for 2.1% of Ewa LLC’s portfolio, making the stock its 10th largest position. Ewa LLC’s holdings in Global X Defense Tech ETF were worth $9,183,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Advocate Investing Services LLC acquired a new stake in shares of Global X Defense Tech ETF in the first quarter valued at $177,000. Oregon Pacific Wealth Management LLC acquired a new position in Global X Defense Tech ETF during the first quarter worth about $205,000. Signal Advisors Wealth LLC grew its holdings in Global X Defense Tech ETF by 45.5% during the first quarter. Signal Advisors Wealth LLC now owns 4,831 shares of the company’s stock worth $342,000 after acquiring an additional 1,510 shares during the period. Sweeney & Michel LLC raised its position in Global X Defense Tech ETF by 33.3% in the first quarter. Sweeney & Michel LLC now owns 5,007 shares of the company’s stock worth $373,000 after acquiring an additional 1,250 shares in the last quarter. Finally, Cardinal Point Capital Management ULC bought a new stake in Global X Defense Tech ETF in the first quarter worth about $393,000. Institutional investors own 57.57% of the company’s stock.

Global X Defense Tech ETF Trading Up 0.5%

Shares of NYSEARCA SHLD opened at $58.70 on Tuesday. Global X Defense Tech ETF has a twelve month low of $57.89 and a twelve month high of $78.49. The firm has a 50-day moving average of $64.86 and a two-hundred day moving average of $69.95. The company has a market capitalization of $6.96 billion, a price-to-earnings ratio of -4.85 and a beta of 0.20.

Global X Defense Tech ETF 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.