Commonwealth Equity Services LLC Acquires 133,158 Shares of Global X Defense Tech ETF $SHLD

Commonwealth Equity Services LLC bought a new position in Global X Defense Tech ETF (NYSEARCA:SHLD) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 133,158 shares of the company’s stock, valued at approximately $8,000,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CX Institutional bought a new stake in shares of Global X Defense Tech ETF during the second quarter worth $29,000. Raleigh Capital Management Inc. grew its holdings in shares of Global X Defense Tech ETF by 102.9% in the third quarter. Raleigh Capital Management Inc. now owns 489 shares of the company’s stock worth $29,000 after purchasing an additional 248 shares during the last quarter. GK Wealth Management LLC bought a new position in shares of Global X Defense Tech ETF in the third quarter worth about $32,000. Manchester Capital Management LLC purchased a new position in shares of Global X Defense Tech ETF during the third quarter worth approximately $32,000. Finally, Blue Bell Private Wealth Management LLC bought a new stake in Global X Defense Tech ETF during the 3rd quarter valued at $39,000. Hedge funds and other institutional investors own 57.57% of the company’s stock.

Global X Defense Tech ETF Price Performance

NYSEARCA:SHLD opened at $59.80 on Friday. The company has a 50-day moving average of $61.42 and a 200 day moving average of $66.57. Global X Defense Tech ETF has a 1-year low of $57.14 and a 1-year high of $78.49. The firm has a market cap of $5.97 billion, a PE ratio of -4.94 and a beta of 0.30.

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.