Oppenheimer & Co. Inc. Acquires 31,305 Shares of Global X Defense Tech ETF $SHLD

Oppenheimer & Co. Inc. acquired a new stake in Global X Defense Tech ETF (NYSEARCA:SHLD) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 31,305 shares of the company’s stock, valued at approximately $1,881,000.

A number of other hedge funds also recently modified their holdings of the stock. Park Avenue Securities LLC acquired a new position in Global X Defense Tech ETF in the 3rd quarter valued at about $15,530,000. Kingswood Wealth Advisors LLC lifted its position in Global X Defense Tech ETF by 9.3% during the third quarter. Kingswood Wealth Advisors LLC now owns 4,592 shares of the company’s stock worth $276,000 after acquiring an additional 392 shares during the last quarter. Centerpoint Advisory Group lifted its position in Global X Defense Tech ETF by 74.7% during the third quarter. Centerpoint Advisory Group now owns 10,233 shares of the company’s stock worth $615,000 after acquiring an additional 4,375 shares during the last quarter. Beacon Capital Management LLC lifted its position in Global X Defense Tech ETF by 14.4% during the third quarter. Beacon Capital Management LLC now owns 98,714 shares of the company’s stock worth $5,931,000 after acquiring an additional 12,410 shares during the last quarter. Finally, Corecam Pte. Ltd. bought a new stake in shares of Global X Defense Tech ETF during the third quarter worth approximately $1,030,000. Institutional investors and hedge funds own 57.57% of the company’s stock.

Global X Defense Tech ETF Stock Down 1.9%

Shares of NYSEARCA:SHLD opened at $63.78 on Friday. Global X Defense Tech ETF has a 12-month low of $57.89 and a 12-month high of $78.49. The business has a 50 day moving average of $62.34 and a 200-day moving average of $67.37. The stock has a market cap of $6.64 billion, a PE ratio of -5.27 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.