Global X Defense Tech ETF $SHLD Shares Acquired by Royal Bank of Canada

Royal Bank of Canada boosted its stake in Global X Defense Tech ETF (NYSEARCA:SHLD) by 49.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 817,433 shares of the company’s stock after purchasing an additional 271,959 shares during the quarter. Royal Bank of Canada owned about 0.69% of Global X Defense Tech ETF worth $57,907,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Financial Life Planners purchased a new position in Global X Defense Tech ETF during the first quarter worth approximately $26,000. Evolution Wealth Management Inc. increased its holdings 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 worth $56,000 after buying an additional 288 shares during the last quarter. International Assets Investment Management LLC increased its holdings 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 worth $125,000 after buying an additional 731 shares during the last quarter. Main Street Group LTD purchased a new position in shares of Global X Defense Tech ETF in the 1st quarter worth $126,000. Finally, PeakShares LLC purchased a new position in shares of Global X Defense Tech ETF in the 1st quarter worth $140,000. Institutional investors and hedge funds own 57.57% of the company’s stock.

Global X Defense Tech ETF Trading Up 0.8%

Shares of Global X Defense Tech ETF stock opened at $63.25 on Friday. The stock has a market capitalization of $7.05 billion, a P/E ratio of -5.22 and a beta of 0.29. The business’s fifty day moving average price is $62.56 and its 200 day moving average price is $69.13. Global X Defense Tech ETF has a twelve month low of $57.89 and a twelve month 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.