BlueCrest Capital Management Ltd purchased a new stake in Global X Defense Tech ETF (NYSEARCA:SHLD – Free Report) during the 2nd quarter, Holdings Channel reports. The firm purchased 60,000 shares of the company’s stock, valued at approximately $3,583,000.
A number of other large investors also recently modified their holdings of SHLD. Financial Life Planners bought a new position in shares of Global X Defense Tech ETF in the 1st quarter valued at about $26,000. CX Institutional acquired a new stake in shares of Global X Defense Tech ETF in the second quarter valued at about $29,000. Evolution Wealth Management Inc. raised its holdings in Global X Defense Tech ETF by 57.0% during the first quarter. Evolution Wealth Management Inc. now owns 793 shares of the company’s stock worth $56,000 after acquiring an additional 288 shares in the last quarter. Markowski Investments bought a new stake in Global X Defense Tech ETF during the second quarter worth about $77,000. Finally, XP Advisory US Inc. acquired a new position in Global X Defense Tech ETF during the second quarter valued at approximately $93,000. 57.57% of the stock is currently owned by institutional investors and hedge funds.
Global X Defense Tech ETF Stock Down 1.4%
SHLD stock opened at $61.84 on Thursday. The business has a 50 day moving average price of $64.67 and a two-hundred day moving average price of $67.45. The company has a market cap of $6.87 billion, a price-to-earnings ratio of -5.11 and a beta of 0.27. 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.
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