Trek Financial LLC Purchases 14,662 Shares of Global X Defense Tech ETF $SHLD

Trek Financial LLC grew its holdings in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) by 27.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 67,627 shares of the company’s stock after buying an additional 14,662 shares during the quarter. Trek Financial LLC owned 0.06% of Global X Defense Tech ETF worth $4,063,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. bought a new position in Global X Defense Tech ETF during the third quarter worth $492,000. Vise Technologies Inc. grew its stake in shares of Global X Defense Tech ETF by 30.3% in the 3rd quarter. Vise Technologies Inc. now owns 385,124 shares of the company’s stock valued at $23,138,000 after buying an additional 89,600 shares in the last quarter. Investment Partners LTD. bought a new stake in shares of Global X Defense Tech ETF during the 3rd quarter worth $552,000. MGO One Seven LLC raised its stake in shares of Global X Defense Tech ETF by 1.0% in the 3rd quarter. MGO One Seven LLC now owns 230,236 shares of the company’s stock valued at $13,833,000 after buying an additional 2,390 shares in the last quarter. Finally, Gilliland Jeter Wealth Management LLC increased its holdings in Global X Defense Tech ETF by 42.8% during the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 12,860 shares of the company’s stock valued at $773,000 after purchasing an additional 3,853 shares in the last quarter. Institutional investors and hedge funds own 57.57% of the company’s stock.

Global X Defense Tech ETF Stock Performance

SHLD opened at $63.78 on Monday. Global X Defense Tech ETF has a 12 month low of $57.89 and a 12 month high of $78.49. The stock has a market capitalization of $6.64 billion, a P/E ratio of -5.27 and a beta of 0.33. The firm’s fifty day simple moving average is $62.34 and its 200 day simple moving average is $67.37.

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.