Integrated Wealth Concepts LLC Acquires 154,410 Shares of Global X Defense Tech ETF $SHLD

Integrated Wealth Concepts LLC lifted its stake in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) by 73.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 364,559 shares of the company’s stock after buying an additional 154,410 shares during the quarter. Integrated Wealth Concepts LLC owned about 0.33% of Global X Defense Tech ETF worth $21,768,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of SHLD. RFG Advisory LLC boosted its stake in Global X Defense Tech ETF by 7.8% during the second quarter. RFG Advisory LLC now owns 12,405 shares of the company’s stock worth $741,000 after acquiring an additional 901 shares in the last quarter. NewEdge Advisors LLC increased its stake in Global X Defense Tech ETF by 40.1% in the second quarter. NewEdge Advisors LLC now owns 675,460 shares of the company’s stock valued at $40,332,000 after purchasing an additional 193,449 shares in the last quarter. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD bought a new stake in Global X Defense Tech ETF in the second quarter valued at $4,910,000. IFP Advisors Inc increased its stake in Global X Defense Tech ETF by 21.4% in the second quarter. IFP Advisors Inc now owns 39,198 shares of the company’s stock valued at $2,341,000 after purchasing an additional 6,919 shares in the last quarter. Finally, XY Planning Network Inc. raised its holdings in shares of Global X Defense Tech ETF by 113.7% during the second quarter. XY Planning Network Inc. now owns 21,499 shares of the company’s stock valued at $1,284,000 after purchasing an additional 11,438 shares during the period. Institutional investors own 57.57% of the company’s stock.

Global X Defense Tech ETF Price Performance

SHLD stock opened at $61.84 on Thursday. The stock has a market capitalization of $6.87 billion, a PE ratio of -5.11 and a beta of 0.27. The company’s 50-day moving average is $64.67 and its 200-day moving average is $67.45. Global X Defense Tech ETF has a 1 year low of $57.89 and a 1 year high of $78.49.

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.