Investment Partners LTD. Purchases 9,190 Shares of Global X Defense Tech ETF $SHLD

Investment Partners LTD. purchased a new stake in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 9,190 shares of the company’s stock, valued at approximately $552,000.

Several other institutional investors also recently modified their holdings of the business. Bank of America Corp DE increased its holdings in Global X Defense Tech ETF by 30.9% in the 1st quarter. Bank of America Corp DE now owns 9,575,995 shares of the company’s stock worth $678,363,000 after buying an additional 2,262,272 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its stake in Global X Defense Tech ETF by 151.1% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,645,365 shares of the company’s stock valued at $329,078,000 after acquiring an additional 2,795,100 shares during the period. Clal Insurance Enterprises Holdings Ltd purchased a new stake in shares of Global X Defense Tech ETF during the 1st quarter valued at about $120,428,000. Envestnet Asset Management Inc. boosted its holdings in shares of Global X Defense Tech ETF by 30.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,362,699 shares of the company’s stock valued at $81,367,000 after acquiring an additional 318,805 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of Global X Defense Tech ETF by 49.9% during the 1st quarter. Royal Bank of Canada now owns 817,433 shares of the company’s stock valued at $57,907,000 after acquiring an additional 271,959 shares during the last quarter. 57.57% of the stock is 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 $63.78 on Monday. The company has a market cap of $6.64 billion, a price-to-earnings ratio of -5.27 and a beta of 0.33. The company’s 50 day moving average is $62.34 and its 200 day moving average is $67.37. 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.