Sanctuary Advisors LLC Raises Stake in Global X Defense Tech ETF $SHLD

Sanctuary Advisors LLC boosted its stake in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) by 41.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 770,947 shares of the company’s stock after buying an additional 224,582 shares during the quarter. Sanctuary Advisors LLC owned approximately 0.65% of Global X Defense Tech ETF worth $54,614,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Financial Life Planners bought a new stake in Global X Defense Tech ETF in the first quarter worth about $26,000. Evolution Wealth Management Inc. grew its position in shares of Global X Defense Tech ETF by 57.0% during the 1st quarter. Evolution Wealth Management Inc. now owns 793 shares of the company’s stock valued at $56,000 after acquiring an additional 288 shares during the period. International Assets Investment Management LLC grew its position in shares of Global X Defense Tech ETF by 75.8% during the 1st quarter. International Assets Investment Management LLC now owns 1,695 shares of the company’s stock valued at $125,000 after acquiring an additional 731 shares during the period. Advocate Investing Services LLC bought a new position in shares of Global X Defense Tech ETF during the 1st quarter valued at approximately $177,000. Finally, Centerpoint Advisory Group purchased a new stake in shares of Global X Defense Tech ETF during the 1st quarter worth approximately $202,000. Hedge funds and other institutional investors own 57.57% of the company’s stock.

Global X Defense Tech ETF Trading Down 0.4%

NYSEARCA:SHLD opened at $60.22 on Wednesday. Global X Defense Tech ETF has a 12 month low of $57.89 and a 12 month high of $78.49. The firm’s 50 day moving average is $63.32 and its 200 day moving average is $69.74. The stock has a market capitalization of $6.79 billion, a PE ratio of -4.97 and a beta of 0.29.

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.