AlTi Global Inc. Boosts Holdings in Global X Defense Tech ETF $SHLD

AlTi Global Inc. increased its position in Global X Defense Tech ETF (NYSEARCA:SHLD) by 158.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,669 shares of the company’s stock after purchasing an additional 8,987 shares during the period. AlTi Global Inc.’s holdings in Global X Defense Tech ETF were worth $1,039,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of SHLD. Financial Life Planners purchased a new position in Global X Defense Tech ETF in the 1st quarter worth approximately $26,000. Evolution Wealth Management Inc. boosted its stake in Global X Defense Tech ETF by 57.0% during 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. International Assets Investment Management LLC increased its holdings in shares of Global X Defense Tech ETF by 75.8% in the 1st quarter. International Assets Investment Management LLC now owns 1,695 shares of the company’s stock worth $125,000 after purchasing an additional 731 shares in the last quarter. Main Street Group LTD bought a new stake in shares of Global X Defense Tech ETF in the 1st quarter worth $126,000. Finally, PeakShares LLC purchased a new position in shares of Global X Defense Tech ETF in the first quarter worth $140,000. 57.57% of the stock is currently owned by institutional investors.

Global X Defense Tech ETF Price Performance

Shares of NYSEARCA:SHLD opened at $60.03 on Tuesday. The company has a market cap of $6.74 billion, a P/E ratio of -4.96 and a beta of 0.29. Global X Defense Tech ETF has a 1 year low of $57.89 and a 1 year high of $78.49. The stock’s fifty day moving average price is $62.84 and its 200-day moving average price is $69.58.

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.