Wealth Alliance LLC Has $1.87 Million Stock Holdings in Global X Defense Tech ETF $SHLD

Wealth Alliance LLC lifted its stake in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) by 269.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,385 shares of the company’s stock after purchasing an additional 19,249 shares during the period. Wealth Alliance LLC’s holdings in Global X Defense Tech ETF were worth $1,869,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of SHLD. Chatterton & Associates Inc. lifted its position 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 valued at $1,559,000 after acquiring an additional 11,499 shares in the last quarter. Kestra Private Wealth Services LLC grew its position in Global X Defense Tech ETF by 20.3% during the 1st quarter. Kestra Private Wealth Services LLC now owns 74,424 shares of the company’s stock worth $5,272,000 after purchasing an additional 12,537 shares in the last quarter. EWA LLC grew its position in Global X Defense Tech ETF by 66.8% during the 1st quarter. EWA LLC now owns 129,631 shares of the company’s stock worth $9,183,000 after purchasing an additional 51,899 shares in the last quarter. Beacon Financial Group raised its stake in Global X Defense Tech ETF by 45.2% during the 1st quarter. Beacon Financial Group now owns 102,549 shares of the company’s stock valued at $7,265,000 after purchasing an additional 31,919 shares during the period. Finally, Fortem Financial Group LLC raised its stake in Global X Defense Tech ETF by 1,664.5% during the 1st quarter. Fortem Financial Group LLC now owns 75,873 shares of the company’s stock valued at $5,375,000 after purchasing an additional 71,573 shares during the period. 57.57% of the stock is owned by hedge funds and other institutional investors.

Global X Defense Tech ETF Stock Up 0.4%

SHLD opened at $63.01 on Friday. The stock has a fifty day moving average of $62.68 and a 200-day moving average of $69.44. The firm has a market capitalization of $7.05 billion, a P/E ratio of -5.20 and a beta of 0.29. Global X Defense Tech ETF has a 12-month low of $57.89 and a 12-month 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.