Hopwood Nicholas Hunter Acquires New Shares in Global X Defense Tech ETF $SHLD

Hopwood Nicholas Hunter acquired a new position in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 33,339 shares of the company’s stock, valued at approximately $1,991,000.

Other large investors have also recently added to or reduced their stakes in the company. Financial Life Planners acquired a new position in shares of Global X Defense Tech ETF during the first quarter valued at $26,000. CX Institutional acquired a new stake in shares of Global X Defense Tech ETF in the 2nd quarter worth about $29,000. Evolution Wealth Management Inc. increased its holdings 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 acquiring an additional 288 shares during the period. EverSource Wealth Advisors LLC lifted its position in Global X Defense Tech ETF by 12.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,681 shares of the company’s stock valued at $119,000 after purchasing an additional 181 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its stake in Global X Defense Tech ETF by 75.8% during the 1st quarter. International Assets Investment Management LLC now owns 1,695 shares of the company’s stock valued at $125,000 after purchasing an additional 731 shares during the period. 57.57% of the stock is owned by institutional investors and hedge funds.

Global X Defense Tech ETF Trading Down 1.2%

NYSEARCA SHLD opened at $62.98 on Friday. The company has a 50-day moving average price of $64.51 and a two-hundred day moving average price of $67.73. Global X Defense Tech ETF has a 52 week low of $57.89 and a 52 week high of $78.49. The stock has a market cap of $6.99 billion, a price-to-earnings ratio of -5.20 and a beta of 0.27.

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.