WealthPLAN Partners LLC Buys New Shares in Global X Defense Tech ETF $SHLD

WealthPLAN Partners LLC purchased a new position in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) in the third quarter, HoldingsChannel reports. The fund purchased 15,849 shares of the company’s stock, valued at approximately $952,000.

Other large investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its position in Global X Defense Tech ETF by 12.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,681 shares of the company’s stock worth $119,000 after buying an additional 181 shares in the last quarter. Seamount Financial Group Inc. boosted its stake in shares of Global X Defense Tech ETF by 4.7% during the 1st quarter. Seamount Financial Group Inc. now owns 5,949 shares of the company’s stock worth $421,000 after buying an additional 267 shares during the last quarter. Evolution Wealth Management Inc. grew its holdings 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 valued at $56,000 after acquiring an additional 288 shares in the last quarter. Quantum Portfolio Management LLC grew its holdings in shares of Global X Defense Tech ETF by 3.2% in the 1st quarter. Quantum Portfolio Management LLC now owns 11,131 shares of the company’s stock valued at $789,000 after acquiring an additional 348 shares in the last quarter. Finally, American Institute for Advanced Investment Management LLP grew its holdings in shares of Global X Defense Tech ETF by 1.5% in the 1st quarter. American Institute for Advanced Investment Management LLP now owns 23,332 shares of the company’s stock valued at $1,653,000 after acquiring an additional 350 shares in the last quarter. Institutional investors and hedge funds own 57.57% of the company’s stock.

Global X Defense Tech ETF Stock Up 1.2%

Shares of NYSEARCA:SHLD traded up $0.69 during midday trading on Thursday, reaching $60.37. The company had a trading volume of 551,249 shares, compared to its average volume of 1,741,185. The business’s 50 day moving average price is $63.91 and its 200 day moving average price is $64.94. The stock has a market cap of $6.42 billion, a PE ratio of -4.98 and a beta of 0.33. Global X Defense Tech ETF has a 1-year low of $57.89 and a 1-year high of $78.49.

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.