HBW Advisory Services LLC Buys 60,790 Shares of Global X Defense Tech ETF $SHLD

HBW Advisory Services LLC boosted its stake in Global X Defense Tech ETF (NYSEARCA:SHLD) by 333.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 78,996 shares of the company’s stock after purchasing an additional 60,790 shares during the quarter. HBW Advisory Services LLC’s holdings in Global X Defense Tech ETF were worth $5,596,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Seamount Financial Group Inc. increased its holdings in shares of Global X Defense Tech ETF by 4.7% in the first quarter. Seamount Financial Group Inc. now owns 5,949 shares of the company’s stock worth $421,000 after purchasing an additional 267 shares during the last quarter. Evolution Wealth Management Inc. boosted its stake 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 valued at $56,000 after buying an additional 288 shares during the last quarter. Quantum Portfolio Management LLC boosted its stake in Global X Defense Tech ETF by 3.2% during the first quarter. Quantum Portfolio Management LLC now owns 11,131 shares of the company’s stock valued at $789,000 after buying an additional 348 shares during the last quarter. American Institute for Advanced Investment Management LLP grew its holdings in Global X Defense Tech ETF by 1.5% during 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 buying an additional 350 shares in the last quarter. Finally, Financial Life Planners purchased a new position in Global X Defense Tech ETF during the 1st quarter valued at approximately $26,000. Institutional investors own 57.57% of the company’s stock.

Global X Defense Tech ETF Price Performance

NYSEARCA:SHLD opened at $60.47 on Tuesday. The company has a market cap of $6.84 billion, a price-to-earnings ratio of -4.99 and a beta of 0.29. Global X Defense Tech ETF has a 1 year low of $57.89 and a 1 year high of $78.49. The stock’s 50 day simple moving average is $63.46 and its two-hundred day simple moving average is $69.78.

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.