89,600 Global X Defense Tech ETF $SHLD Shares Purchased by Vise Technologies Inc.

Vise Technologies Inc. lifted its stake in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) by 30.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 385,124 shares of the company’s stock after acquiring an additional 89,600 shares during the period. Vise Technologies Inc.’s holdings in Global X Defense Tech ETF were worth $23,138,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Bank of America Corp DE grew its position in Global X Defense Tech ETF by 30.9% in the 1st quarter. Bank of America Corp DE now owns 9,575,995 shares of the company’s stock worth $678,363,000 after purchasing an additional 2,262,272 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its position in Global X Defense Tech ETF by 151.1% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,645,365 shares of the company’s stock worth $329,078,000 after purchasing an additional 2,795,100 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd acquired a new position in Global X Defense Tech ETF during the first quarter worth $120,428,000. Envestnet Asset Management Inc. increased its position in Global X Defense Tech ETF by 30.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,362,699 shares of the company’s stock worth $81,367,000 after buying an additional 318,805 shares during the period. Finally, Royal Bank of Canada raised its holdings in Global X Defense Tech ETF by 49.9% in the 1st quarter. Royal Bank of Canada now owns 817,433 shares of the company’s stock valued at $57,907,000 after acquiring an additional 271,959 shares in the last quarter. Institutional investors own 57.57% of the company’s stock.

Global X Defense Tech ETF Stock Performance

Shares of SHLD opened at $63.78 on Friday. The business’s fifty day moving average price is $62.34 and its two-hundred day moving average price is $67.37. The firm has a market capitalization of $6.64 billion, a price-to-earnings ratio of -5.27 and a beta of 0.33. Global X Defense Tech ETF has a 52 week low of $57.89 and a 52 week 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.