Global X Defense Tech ETF $SHLD Shares Purchased by Redwood Investment Management LLC

Redwood Investment Management LLC boosted its position in Global X Defense Tech ETF (NYSEARCA:SHLD) by 66.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,327 shares of the company’s stock after buying an additional 8,514 shares during the period. Redwood Investment Management LLC’s holdings in Global X Defense Tech ETF were worth $1,511,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Financial Life Planners purchased a new position in Global X Defense Tech ETF during the 1st quarter worth $26,000. Evolution Wealth Management Inc. boosted its holdings in shares of Global X Defense Tech ETF by 57.0% in the first quarter. Evolution Wealth Management Inc. now owns 793 shares of the company’s stock valued at $56,000 after acquiring an additional 288 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Global X Defense Tech ETF by 12.1% in the first quarter. EverSource Wealth Advisors LLC now owns 1,681 shares of the company’s stock valued at $119,000 after acquiring an additional 181 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of Global X Defense Tech ETF by 75.8% during the first quarter. International Assets Investment Management LLC now owns 1,695 shares of the company’s stock worth $125,000 after acquiring an additional 731 shares during the period. Finally, Main Street Group LTD acquired a new position in shares of Global X Defense Tech ETF during the first quarter worth about $126,000. 57.57% of the stock is owned by institutional investors and hedge funds.

Global X Defense Tech ETF Price Performance

NYSEARCA SHLD opened at $63.25 on Monday. The stock has a market capitalization of $7.05 billion, a P/E ratio of -5.22 and a beta of 0.29. 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 $62.56 and a 200 day moving average price of $69.08.

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.