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

Security Financial Services INC. decreased its position in Global X Defense Tech ETF (NYSEARCA:SHLD) by 13.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 139,903 shares of the company’s stock after selling 22,597 shares during the quarter. Global X Defense Tech ETF makes up 1.1% of Security Financial Services INC.’s portfolio, making the stock its 27th biggest position. Security Financial Services INC. owned approximately 0.13% of Global X Defense Tech ETF worth $8,405,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SHLD. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Global X Defense Tech ETF during the 3rd quarter valued at $492,000. Vise Technologies Inc. grew 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 buying an additional 89,600 shares during the period. Investment Partners LTD. purchased a new stake in shares of Global X Defense Tech ETF in the 3rd quarter worth about $552,000. MGO One Seven LLC grew 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 buying an additional 2,390 shares during the period. Finally, Gilliland Jeter Wealth Management LLC increased its stake in shares of 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 acquiring 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 Price Performance

Shares of Global X Defense Tech ETF stock opened at $63.78 on Monday. Global X Defense Tech ETF has a 1 year low of $57.89 and a 1 year high of $78.49. The firm has a market cap of $6.64 billion, a price-to-earnings ratio of -5.27 and a beta of 0.33. The company has a 50-day moving average of $62.34 and a 200 day moving average of $67.37.

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.