Global X Defense Tech ETF $SHLD Shares Sold by Courier Capital LLC

Courier Capital LLC lowered its position in Global X Defense Tech ETF (NYSEARCA:SHLD) by 77.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,202 shares of the company’s stock after selling 91,517 shares during the quarter. Courier Capital LLC’s holdings in Global X Defense Tech ETF were worth $1,574,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its stake in Global X Defense Tech ETF by 12.1% during the first quarter. EverSource Wealth Advisors LLC now owns 1,681 shares of the company’s stock worth $119,000 after purchasing an additional 181 shares during the period. Seamount Financial Group Inc. grew its stake in shares of Global X Defense Tech ETF by 4.7% in the 1st quarter. Seamount Financial Group Inc. now owns 5,949 shares of the company’s stock valued at $421,000 after buying an additional 267 shares during the period. Evolution Wealth Management Inc. grew its stake 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 valued at $56,000 after buying an additional 288 shares during the period. Quantum Portfolio Management LLC grew its stake in shares of Global X Defense Tech ETF by 3.2% in the 1st quarter. Quantum Portfolio Management LLC now owns 11,131 shares of the company’s stock valued at $789,000 after buying an additional 348 shares during the period. Finally, American Institute for Advanced Investment Management LLP increased its holdings in shares of Global X Defense Tech ETF by 1.5% during the 1st quarter. American Institute for Advanced Investment Management LLP now owns 23,332 shares of the company’s stock worth $1,653,000 after buying an additional 350 shares during the last quarter. 57.57% of the stock is currently owned by institutional investors and hedge funds.

Global X Defense Tech ETF Stock Performance

Shares of NYSEARCA SHLD traded down $0.49 during midday trading on Tuesday, reaching $59.34. 1,202,494 shares of the stock were exchanged, compared to its average volume of 1,749,656. The stock has a market capitalization of $6.31 billion, a P/E ratio of -4.90 and a beta of 0.33. The company has a 50 day simple moving average of $64.22 and a 200 day simple moving average of $65.13. Global X Defense Tech ETF has a twelve month low of $57.89 and a twelve 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.