Defiance Drone & Modern Warfare ETF (NASDAQ:JEDI) Shares Up 4.1% – Still a Buy?

Defiance Drone & Modern Warfare ETF (NASDAQ:JEDI) shares traded up 4.1% during mid-day trading on Wednesday . The stock traded as high as $38.17 and last traded at $37.98. 362,983 shares traded hands during trading, an increase of 173% from the average session volume of 132,820 shares. The stock had previously closed at $36.49.

Defiance Drone & Modern Warfare ETF Stock Performance

The company’s 50-day moving average price is $29.15 and its 200-day moving average price is $26.90.

Institutional Trading of Defiance Drone & Modern Warfare ETF

An institutional investor recently bought a new position in Defiance Drone & Modern Warfare ETF stock. Williams Jones Wealth Management LLC. purchased a new position in shares of Defiance Drone & Modern Warfare ETF (NASDAQ:JEDI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 153,250 shares of the ETF’s stock, valued at approximately $3,719,000. Williams Jones Wealth Management LLC. owned approximately 7.48% of Defiance Drone & Modern Warfare ETF as of its most recent filing with the Securities & Exchange Commission.

Defiance Drone & Modern Warfare ETF (NASDAQ: JEDI) is a U.S.-listed exchange-traded fund issued by Defiance ETFs that provides investors with targeted exposure to companies involved in unmanned aerial systems, defense technologies and related modern warfare capabilities. The fund is positioned as a thematic vehicle, connecting investors to businesses that design, manufacture, or support drones, autonomous systems, sensors, command-and-control platforms, and other advanced military and security technologies.

Holdings typically span parts of the defense and aerospace supply chains as well as civilian companies that develop dual-use technologies (such as advanced electronics, artificial intelligence, robotics, and cybersecurity) that can be applied to modern military operations.