Sonoma Allocations LLC Makes New $602,000 Investment in Global X Defense Tech ETF $SHLD

Sonoma Allocations LLC purchased a new stake in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 8,134 shares of the company’s stock, valued at approximately $602,000.

A number of other institutional investors also recently modified their holdings of SHLD. Financial Life Planners bought a new stake in shares of Global X Defense Tech ETF during the 1st quarter worth $26,000. Evolution Wealth Management Inc. raised its holdings in 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 raised its holdings 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 worth $119,000 after acquiring an additional 181 shares during the period. International Assets Investment Management LLC lifted its position 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 worth $125,000 after acquiring an additional 731 shares during the last quarter. Finally, Main Street Group LTD bought a new stake in Global X Defense Tech ETF during the first quarter valued at about $126,000. Institutional investors own 57.57% of the company’s stock.

Global X Defense Tech ETF Stock Performance

Shares of NYSEARCA:SHLD opened at $62.77 on Friday. The stock’s 50-day moving average is $62.60 and its 200-day moving average is $69.18. The company has a market cap of $7.00 billion, a P/E ratio of -5.18 and a beta of 0.29. 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.