Global X Defense Tech ETF $SHLD Position Trimmed by Kickstand Ventures LLC.

Kickstand Ventures LLC. trimmed its holdings in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) by 74.1% during the second quarter, Holdings Channel reports. The firm owned 4,238 shares of the company’s stock after selling 12,139 shares during the quarter. Kickstand Ventures LLC.’s holdings in Global X Defense Tech ETF were worth $253,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of SHLD. Financial Life Planners acquired a new position in shares of Global X Defense Tech ETF in the 1st quarter valued at about $26,000. CX Institutional acquired a new stake in Global X Defense Tech ETF during the second quarter worth about $29,000. Evolution Wealth Management Inc. lifted its holdings in Global X Defense Tech ETF by 57.0% in the first 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 last quarter. EverSource Wealth Advisors LLC lifted its holdings in Global X Defense Tech ETF by 12.1% in the first 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 last quarter. Finally, International Assets Investment Management LLC boosted its stake in Global X Defense Tech ETF by 75.8% in the first quarter. International Assets Investment Management LLC now owns 1,695 shares of the company’s stock valued at $125,000 after acquiring an additional 731 shares during the period. 57.57% of the stock is currently owned by institutional investors.

Global X Defense Tech ETF Trading Down 1.2%

NYSEARCA:SHLD opened at $62.98 on Friday. The firm has a market capitalization of $6.99 billion, a PE ratio of -5.20 and a beta of 0.27. The stock has a 50 day moving average of $64.51 and a 200-day moving average of $67.73. 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.