Sowell Financial Services LLC Makes New $654,000 Investment in Global X Defense Tech ETF $SHLD

Sowell Financial Services LLC bought a new stake in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 10,888 shares of the company’s stock, valued at approximately $654,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of America Corp DE boosted its position in shares of 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 holdings in Global X Defense Tech ETF by 151.1% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,645,365 shares of the company’s stock valued at $329,078,000 after purchasing an additional 2,795,100 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd bought a new stake in Global X Defense Tech ETF in the first quarter valued at about $120,428,000. Envestnet Asset Management Inc. increased its holdings in Global X Defense Tech ETF by 30.5% in the second quarter. Envestnet Asset Management Inc. now owns 1,362,699 shares of the company’s stock valued at $81,367,000 after purchasing an additional 318,805 shares during the last quarter. Finally, Royal Bank of Canada lifted its stake in Global X Defense Tech ETF by 49.9% in the first quarter. Royal Bank of Canada now owns 817,433 shares of the company’s stock valued at $57,907,000 after buying an additional 271,959 shares during the period. Institutional investors own 57.57% of the company’s stock.

Global X Defense Tech ETF Stock Performance

NYSEARCA:SHLD opened at $61.89 on Friday. Global X Defense Tech ETF has a 1-year low of $57.89 and a 1-year high of $78.49. The business’s 50-day moving average price is $62.76 and its two-hundred day moving average price is $64.49. The firm has a market capitalization of $6.45 billion, a price-to-earnings ratio of -5.11 and a beta of 0.33.

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.