Town Capital LLC Increases Holdings in Global X Defense Tech ETF $SHLD

Town Capital LLC increased its position in Global X Defense Tech ETF (NYSEARCA:SHLD) by 43.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,904 shares of the company’s stock after purchasing an additional 12,902 shares during the quarter. Global X Defense Tech ETF makes up about 2.5% of Town Capital LLC’s portfolio, making the stock its 13th biggest position. Town Capital LLC’s holdings in Global X Defense Tech ETF were worth $3,039,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Chatterton & Associates Inc. lifted its holdings in shares of Global X Defense Tech ETF by 121.0% in the 1st quarter. Chatterton & Associates Inc. now owns 20,999 shares of the company’s stock worth $1,559,000 after buying an additional 11,499 shares during the period. Kestra Private Wealth Services LLC grew its stake in Global X Defense Tech ETF by 20.3% in the first quarter. Kestra Private Wealth Services LLC now owns 74,424 shares of the company’s stock valued at $5,272,000 after purchasing an additional 12,537 shares during the last quarter. Valley Wealth Managers Inc. lifted its position in shares of Global X Defense Tech ETF by 16.6% during the first quarter. Valley Wealth Managers Inc. now owns 193,621 shares of the company’s stock valued at $13,716,000 after buying an additional 27,529 shares during the last quarter. EWA LLC boosted its holdings in shares of Global X Defense Tech ETF by 66.8% in the 1st quarter. EWA LLC now owns 129,631 shares of the company’s stock valued at $9,183,000 after buying an additional 51,899 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC grew its position in shares of Global X Defense Tech ETF by 230.5% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 24,608 shares of the company’s stock worth $1,743,000 after buying an additional 17,163 shares during the last quarter. 57.57% of the stock is currently owned by hedge funds and other institutional investors.

Global X Defense Tech ETF Price Performance

Shares of Global X Defense Tech ETF stock opened at $63.25 on Monday. The company has a market cap of $7.05 billion, a P/E ratio of -5.22 and a beta of 0.29. The firm’s 50 day moving average price is $62.56 and its 200-day moving average price is $69.08. Global X Defense Tech ETF has a 52-week low of $57.89 and a 52-week 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.