CFS Investment Advisory Services LLC Grows Position in Global X Defense Tech ETF $SHLD

CFS Investment Advisory Services LLC raised its stake in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) by 67.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 179,757 shares of the company’s stock after purchasing an additional 72,281 shares during the period. Global X Defense Tech ETF accounts for 0.9% of CFS Investment Advisory Services LLC’s portfolio, making the stock its 29th largest position. CFS Investment Advisory Services LLC’s holdings in Global X Defense Tech ETF were worth $13,185,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the stock. Financial Life Planners purchased a new stake in shares of Global X Defense Tech ETF during the 1st quarter valued at $26,000. Evolution Wealth Management Inc. raised its position in shares of Global X Defense Tech ETF by 57.0% in the 1st quarter. Evolution Wealth Management Inc. now owns 793 shares of the company’s stock worth $56,000 after buying an additional 288 shares during the period. Advocate Investing Services LLC purchased a new position in shares of Global X Defense Tech ETF in the 1st quarter worth $177,000. Centerpoint Advisory Group acquired a new position in Global X Defense Tech ETF in the first quarter valued at $202,000. Finally, Oregon Pacific Wealth Management LLC purchased a new stake in Global X Defense Tech ETF during the first quarter valued at about $205,000. Hedge funds and other institutional investors own 57.57% of the company’s stock.

Global X Defense Tech ETF Price Performance

Shares of NYSEARCA:SHLD opened at $62.67 on Thursday. The firm has a market capitalization of $7.12 billion, a PE ratio of -5.18 and a beta of 0.29. The business has a 50-day moving average of $63.84 and a two-hundred day moving average of $69.89. Global X Defense Tech ETF has a 12 month low of $57.89 and a 12 month 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.