Mather Group LLC. Makes New $1.40 Million Investment in Global X Defense Tech ETF $SHLD

Mather Group LLC. purchased a new position in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 23,349 shares of the company’s stock, valued at approximately $1,403,000.

Several other institutional investors and hedge funds have also recently modified their holdings of SHLD. EverSource Wealth Advisors LLC increased its position in Global X Defense Tech ETF by 12.1% during the first quarter. EverSource Wealth Advisors LLC now owns 1,681 shares of the company’s stock worth $119,000 after purchasing an additional 181 shares during the last quarter. Seamount Financial Group Inc. boosted its holdings in Global X Defense Tech ETF by 4.7% in the 1st quarter. Seamount Financial Group Inc. now owns 5,949 shares of the company’s stock valued at $421,000 after purchasing an additional 267 shares during the last quarter. Evolution Wealth Management Inc. boosted 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 valued at $56,000 after purchasing an additional 288 shares during the last quarter. Quantum Portfolio Management LLC grew its stake in shares of Global X Defense Tech ETF by 3.2% in the 1st quarter. Quantum Portfolio Management LLC now owns 11,131 shares of the company’s stock valued at $789,000 after buying an additional 348 shares during the period. Finally, American Institute for Advanced Investment Management LLP grew its stake in shares of Global X Defense Tech ETF by 1.5% in the 1st quarter. American Institute for Advanced Investment Management LLP now owns 23,332 shares of the company’s stock valued at $1,653,000 after buying an additional 350 shares during the period. Institutional investors and hedge funds own 57.57% of the company’s stock.

Global X Defense Tech ETF Stock Performance

Shares of NYSEARCA SHLD traded up $0.83 during midday trading on Friday, reaching $61.48. 776,614 shares of the stock were exchanged, compared to its average volume of 1,738,205. The company has a 50 day simple moving average of $63.61 and a 200 day simple moving average of $64.85. The stock has a market capitalization of $6.48 billion, a P/E ratio of -5.08 and a beta of 0.33. Global X Defense Tech ETF has a twelve month low of $57.89 and a twelve month 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.