Security Financial Services INC. Boosts Position in Global X Defense Tech ETF $SHLD

Security Financial Services INC. boosted its stake in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) by 45.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 139,546 shares of the company’s stock after buying an additional 43,749 shares during the quarter. Global X Defense Tech ETF makes up 1.6% of Security Financial Services INC.’s portfolio, making the stock its 17th largest position. Security Financial Services INC.’s holdings in Global X Defense Tech ETF were worth $9,885,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Harel Insurance Investments & Financial Services Ltd. grew its stake in Global X Defense Tech ETF by 151.1% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,645,365 shares of the company’s stock worth $329,078,000 after acquiring an additional 2,795,100 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Global X Defense Tech ETF by 30.9% during the first quarter. Bank of America Corp DE now owns 9,575,995 shares of the company’s stock valued at $678,363,000 after acquiring an additional 2,262,272 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd purchased a new stake in shares of Global X Defense Tech ETF in the first quarter valued at approximately $120,428,000. Royal Bank of Canada boosted its holdings in shares of Global X Defense Tech ETF by 49.9% in the first quarter. Royal Bank of Canada now owns 817,433 shares of the company’s stock valued at $57,907,000 after purchasing an additional 271,959 shares during the period. Finally, Sanctuary Advisors LLC grew its stake in Global X Defense Tech ETF by 41.1% in the first quarter. Sanctuary Advisors LLC now owns 770,947 shares of the company’s stock worth $54,614,000 after purchasing an additional 224,582 shares in the last quarter. 57.57% of the stock is owned by hedge funds and other institutional investors.

Global X Defense Tech ETF Stock Up 0.8%

SHLD opened at $63.25 on Friday. The stock’s fifty day moving average is $62.56 and its two-hundred day moving average is $69.13. The company has a market capitalization of $7.05 billion, a P/E ratio of -5.22 and a beta of 0.29. 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.