Foguth Wealth Management LLC. Sells 46,090 Shares of Global X Defense Tech ETF $SHLD

Foguth Wealth Management LLC. lowered its stake in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) by 35.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 84,988 shares of the company’s stock after selling 46,090 shares during the period. Foguth Wealth Management LLC. owned about 0.08% of Global X Defense Tech ETF worth $5,225,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Bank of America Corp DE boosted its holdings in 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 buying an additional 2,262,272 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of 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 acquiring an additional 2,795,100 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of Global X Defense Tech ETF in the first quarter valued at approximately $120,428,000. Envestnet Asset Management Inc. boosted its stake in shares of 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 worth $81,367,000 after acquiring an additional 318,805 shares during the last quarter. Finally, Royal Bank of Canada increased its position in shares of Global X Defense Tech ETF by 49.9% during the first quarter. Royal Bank of Canada now owns 817,433 shares of the company’s stock worth $57,907,000 after purchasing an additional 271,959 shares in the last quarter. Institutional investors and hedge funds own 57.57% of the company’s stock.

Global X Defense Tech ETF Trading Down 0.0%

SHLD traded down $0.00 on Monday, hitting $61.48. 380,638 shares of the company’s stock were exchanged, compared to its average volume of 1,731,331. Global X Defense Tech ETF has a fifty-two week low of $57.89 and a fifty-two week high of $78.49. The firm has a 50-day moving average price of $63.61 and a 200-day moving average price of $64.83. The stock has a market cap of $6.47 billion, a price-to-earnings ratio of -5.08 and a beta of 0.33.

About Global X Defense Tech ETF

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.