Assetmark Inc. Buys 21,906 Shares of Global X Defense Tech ETF $SHLD

Assetmark Inc. raised its stake in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) by 60.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 58,159 shares of the company’s stock after buying an additional 21,906 shares during the quarter. Assetmark Inc.’s holdings in Global X Defense Tech ETF were worth $4,120,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Financial Life Planners bought a new position in shares of Global X Defense Tech ETF in the 1st quarter worth $26,000. Evolution Wealth Management Inc. increased its stake 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 worth $56,000 after purchasing an additional 288 shares during the period. International Assets Investment Management LLC raised its holdings in Global X Defense Tech ETF by 75.8% during the 1st quarter. International Assets Investment Management LLC now owns 1,695 shares of the company’s stock valued at $125,000 after buying an additional 731 shares during the last quarter. Main Street Group LTD bought a new stake in shares of Global X Defense Tech ETF in the first quarter worth about $126,000. Finally, PeakShares LLC bought a new stake in shares of Global X Defense Tech ETF in the 1st quarter worth approximately $140,000. Institutional investors own 57.57% of the company’s stock.

Global X Defense Tech ETF Trading Up 0.8%

Shares of Global X Defense Tech ETF stock opened at $60.73 on Thursday. Global X Defense Tech ETF has a 12-month low of $57.89 and a 12-month high of $78.49. The company has a market cap of $6.82 billion, a P/E ratio of -5.01 and a beta of 0.29. The company’s fifty day simple moving average is $62.69 and its two-hundred day simple moving average is $69.51.

Global X Defense Tech ETF 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.