Tepp RIA LLC Makes New $2.61 Million Investment in Global X Defense Tech ETF $SHLD

Tepp RIA LLC bought a new position in Global X Defense Tech ETF (NYSEARCA:SHLD) in the 1st quarter, Holdings Channel.com reports. The institutional investor bought 36,901 shares of the company’s stock, valued at approximately $2,614,000. Global X Defense Tech ETF comprises approximately 2.0% of Tepp RIA LLC’s portfolio, making the stock its 12th biggest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Apollon Wealth Management LLC boosted its position in shares of Global X Defense Tech ETF by 8.7% during the first quarter. Apollon Wealth Management LLC now owns 16,408 shares of the company’s stock valued at $1,162,000 after purchasing an additional 1,308 shares in the last quarter. Patriot Financial Group Insurance Agency LLC grew its stake in Global X Defense Tech ETF by 230.5% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 24,608 shares of the company’s stock worth $1,743,000 after purchasing an additional 17,163 shares during the period. Janney Montgomery Scott LLC raised its holdings in Global X Defense Tech ETF by 168.3% in the first quarter. Janney Montgomery Scott LLC now owns 50,989 shares of the company’s stock worth $3,612,000 after purchasing an additional 31,982 shares in the last quarter. Advocate Investing Services LLC bought a new position in Global X Defense Tech ETF in the first quarter worth $177,000. Finally, FWG Investments LLC. lifted its position in Global X Defense Tech ETF by 59.1% during the first quarter. FWG Investments LLC. now owns 7,686 shares of the company’s stock valued at $544,000 after buying an additional 2,854 shares during the period. 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 $58.39 on Monday. Global X Defense Tech ETF has a 12 month low of $57.89 and a 12 month high of $78.49. The firm has a market capitalization of $6.93 billion, a P/E ratio of -4.82 and a beta of 0.20. The business has a fifty day simple moving average of $65.16 and a two-hundred day simple moving average of $69.99.

About Global X Defense Tech ETF

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.