NewEdge Advisors LLC Boosts Stock Position in Global X Defense Tech ETF $SHLD

NewEdge Advisors LLC boosted its stake in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) by 28.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 482,011 shares of the company’s stock after buying an additional 106,227 shares during the period. NewEdge Advisors LLC owned approximately 0.41% of Global X Defense Tech ETF worth $34,146,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Financial Life Planners purchased a new stake in shares of Global X Defense Tech ETF in the first quarter worth $26,000. Evolution Wealth Management Inc. raised 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 last quarter. EverSource Wealth Advisors LLC raised its position in shares of Global X Defense Tech ETF by 12.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,681 shares of the company’s stock worth $119,000 after purchasing an additional 181 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of Global X Defense Tech ETF by 75.8% in the 1st quarter. International Assets Investment Management LLC now owns 1,695 shares of the company’s stock worth $125,000 after purchasing an additional 731 shares during the last quarter. Finally, Main Street Group LTD bought a new position in Global X Defense Tech ETF in the 1st quarter worth about $126,000. Hedge funds and other institutional investors own 57.57% of the company’s stock.

Global X Defense Tech ETF Stock Performance

Shares of Global X Defense Tech ETF stock opened at $67.78 on Friday. The stock has a market capitalization of $7.53 billion, a PE ratio of -5.60 and a beta of 0.27. Global X Defense Tech ETF has a 52-week low of $57.89 and a 52-week high of $78.49. The company has a 50-day simple moving average of $62.61 and a two-hundred day simple moving average of $68.79.

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.