Harel Insurance Investments & Financial Services Ltd. Has $329.08 Million Holdings in Global X Defense Tech ETF $SHLD

Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) by 151.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,645,365 shares of the company’s stock after acquiring an additional 2,795,100 shares during the period. Global X Defense Tech ETF makes up about 2.2% of Harel Insurance Investments & Financial Services Ltd.’s investment portfolio, making the stock its 16th largest holding. Harel Insurance Investments & Financial Services Ltd. owned about 3.92% of Global X Defense Tech ETF worth $329,078,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in SHLD. Financial Life Planners acquired a new position in Global X Defense Tech ETF in the 1st quarter worth $26,000. Evolution Wealth Management Inc. increased its holdings in Global X Defense Tech ETF by 57.0% during the 1st quarter. Evolution Wealth Management Inc. now owns 793 shares of the company’s stock worth $56,000 after purchasing an additional 288 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Global X Defense Tech ETF by 75.8% during the first quarter. International Assets Investment Management LLC now owns 1,695 shares of the company’s stock worth $125,000 after buying an additional 731 shares in the last quarter. Advocate Investing Services LLC bought a new position in shares of Global X Defense Tech ETF during the first quarter worth about $177,000. Finally, Centerpoint Advisory Group acquired a new stake in Global X Defense Tech ETF in the 1st quarter valued at approximately $202,000. 57.57% of the stock is currently owned by institutional investors and hedge funds.

Global X Defense Tech ETF Stock Performance

Shares of Global X Defense Tech ETF stock opened at $60.22 on Wednesday. The firm has a market cap of $6.79 billion, a PE ratio of -4.97 and a beta of 0.29. The business’s 50 day simple moving average is $63.32 and its 200 day simple moving average is $69.74. Global X Defense Tech ETF has a 52-week low of $57.89 and a 52-week 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.