Sei Investments Co. Buys Shares of 71,610 Global X Defense Tech ETF $SHLD

Sei Investments Co. bought a new position in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 71,610 shares of the company’s stock, valued at approximately $5,073,000.

Several other institutional investors also recently modified their holdings of the stock. Seamount Financial Group Inc. increased its holdings in Global X Defense Tech ETF by 4.7% in the 1st quarter. Seamount Financial Group Inc. now owns 5,949 shares of the company’s stock worth $421,000 after purchasing an additional 267 shares in the last quarter. Evolution Wealth Management Inc. lifted its position in shares of Global X Defense Tech ETF by 57.0% in the 1st quarter. Evolution Wealth Management Inc. now owns 793 shares of the company’s stock worth $56,000 after purchasing an additional 288 shares during the period. Quantum Portfolio Management LLC increased its position in shares of Global X Defense Tech ETF by 3.2% during the first quarter. Quantum Portfolio Management LLC now owns 11,131 shares of the company’s stock worth $789,000 after buying an additional 348 shares during the period. American Institute for Advanced Investment Management LLP increased its position in shares of Global X Defense Tech ETF by 1.5% during the first quarter. American Institute for Advanced Investment Management LLP now owns 23,332 shares of the company’s stock worth $1,653,000 after buying an additional 350 shares during the period. Finally, Financial Life Planners bought a new position in Global X Defense Tech ETF during the first quarter worth $26,000. 57.57% of the stock is currently owned by institutional investors and hedge funds.

Global X Defense Tech ETF Stock Up 5.0%

SHLD stock opened at $67.57 on Wednesday. The firm has a market cap of $7.50 billion, a price-to-earnings ratio of -5.58 and a beta of 0.27. Global X Defense Tech ETF has a 12-month low of $57.89 and a 12-month high of $78.49. The company’s fifty day simple moving average is $62.57 and its 200 day simple moving average is $68.93.

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.