For investors seeking momentum: Global X Defense Tech ETF SHLD is probably on the radar. The fund just hit a 52-week high and is up 56.14% from its 52-week low price of $24.60/share.
Predictive maintenance and AI-driven drone technology are revolutionizing the Aerospace and Defense industry, enhancing efficiency and operational reliability while reducing costs and downtime. Rising global conflict and the increasing importance of defense logistics highlight the growth potential for companies like Lockheed Martin and RTX Corporation, SHLD's largest holdings. The global aerospace and defense market is projected to grow significantly, driven by technological innovation and increased government spending on defense.
Global X Defense Tech ETF invests in companies developing technologies for government and military applications. SHLD includes international stocks, making it unique compared to other defense sector ETFs. The fund is a good option for exposure to high-level industry themes.
Global X Defense Tech ETF is the first ETF focused on defense technology, aiming to track the performance of the Global X Defense Tech Index. The SHLD ETF invests in companies specializing in cyber defense, artificial intelligence, big data analytics, and military systems and hardware. With governments continuing to spend on defense and the market rewarding advanced technology, SHLD presents a good long-term investment opportunity.