Global X Defense Tech ETF $SHLD Shares Sold by Security Financial Services INC.

Security Financial Services INC. lessened its stake in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) by 13.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 139,903 shares of the company’s stock after selling 22,597 shares during the period. Global X Defense Tech ETF makes up about 1.1% of Security Financial Services INC.’s investment portfolio, making the stock its 27th largest holding. Security Financial Services INC.’s holdings in Global X Defense Tech ETF were worth $8,405,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in SHLD. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Global X Defense Tech ETF in the third quarter worth $492,000. Vise Technologies Inc. raised its position in shares of Global X Defense Tech ETF by 30.3% in the 3rd quarter. Vise Technologies Inc. now owns 385,124 shares of the company’s stock worth $23,138,000 after purchasing an additional 89,600 shares during the last quarter. Investment Partners LTD. purchased a new position in shares of Global X Defense Tech ETF in the 3rd quarter worth about $552,000. MGO One Seven LLC raised its position in shares of Global X Defense Tech ETF by 1.0% in the 3rd quarter. MGO One Seven LLC now owns 230,236 shares of the company’s stock worth $13,833,000 after purchasing an additional 2,390 shares during the last quarter. Finally, Gilliland Jeter Wealth Management LLC boosted its stake in Global X Defense Tech ETF by 42.8% in the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 12,860 shares of the company’s stock worth $773,000 after purchasing an additional 3,853 shares in the last quarter. Hedge funds and other institutional investors own 57.57% of the company’s stock.

Global X Defense Tech ETF Stock Performance

Shares of SHLD stock opened at $63.78 on Monday. Global X Defense Tech ETF has a one year low of $57.89 and a one year high of $78.49. The company’s 50-day moving average is $62.34 and its 200 day moving average is $67.37. The company has a market capitalization of $6.64 billion, a price-to-earnings ratio of -5.27 and a beta of 0.33.

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.