Pettinga Financial Advisors LLC Has $9.45 Million Stake in Global X Defense Tech ETF $SHLD

Pettinga Financial Advisors LLC raised its position in Global X Defense Tech ETF (NYSEARCA:SHLD) by 20.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 158,324 shares of the company’s stock after buying an additional 27,137 shares during the quarter. Global X Defense Tech ETF comprises about 1.5% of Pettinga Financial Advisors LLC’s portfolio, making the stock its 20th largest position. Pettinga Financial Advisors LLC owned about 0.14% of Global X Defense Tech ETF worth $9,454,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in SHLD. Financial Life Planners acquired a new stake in shares of Global X Defense Tech ETF during the 1st quarter worth approximately $26,000. CX Institutional bought a new position in Global X Defense Tech ETF in the second quarter valued at approximately $29,000. Evolution Wealth Management Inc. raised its position 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 purchasing an additional 288 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Global X Defense Tech ETF by 12.1% during the first quarter. EverSource Wealth Advisors LLC now owns 1,681 shares of the company’s stock valued at $119,000 after purchasing an additional 181 shares in the last quarter. Finally, International Assets Investment Management LLC raised its position in Global X Defense Tech ETF by 75.8% during the first quarter. International Assets Investment Management LLC now owns 1,695 shares of the company’s stock valued at $125,000 after purchasing an additional 731 shares in the last quarter. 57.57% of the stock is currently owned by institutional investors and hedge funds.

Global X Defense Tech ETF Stock Performance

Shares of SHLD stock opened at $69.04 on Monday. The stock’s fifty day moving average price is $62.64 and its two-hundred day moving average price is $68.73. The company has a market cap of $7.67 billion, a PE ratio of -5.70 and a beta of 0.27. Global X Defense Tech ETF has a fifty-two week low of $57.89 and a fifty-two week high of $78.49.

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.