Spectrum Strategic Capital Management LLC Acquires New Shares in PLUS Korea Defense Industry Index ETF $KDEF

Spectrum Strategic Capital Management LLC acquired a new stake in PLUS Korea Defense Industry Index ETF (NYSEARCA:KDEF) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 51,687 shares of the company’s stock, valued at approximately $2,268,000. PLUS Korea Defense Industry Index ETF comprises approximately 1.2% of Spectrum Strategic Capital Management LLC’s holdings, making the stock its 21st largest holding.

Several other institutional investors and hedge funds have also recently made changes to their positions in KDEF. Jane Street Group LLC bought a new stake in shares of PLUS Korea Defense Industry Index ETF in the first quarter valued at about $1,352,000. TD Waterhouse Canada Inc. bought a new position in PLUS Korea Defense Industry Index ETF in the third quarter worth about $331,000. Pekin Hardy Strauss Inc. increased its holdings in shares of PLUS Korea Defense Industry Index ETF by 37.5% during the third quarter. Pekin Hardy Strauss Inc. now owns 11,000 shares of the company’s stock valued at $546,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Militia Capital Partners LP acquired a new position in shares of PLUS Korea Defense Industry Index ETF during the third quarter valued at about $240,000.

PLUS Korea Defense Industry Index ETF Price Performance

KDEF opened at $52.89 on Monday. The firm’s 50-day moving average price is $58.86 and its 200-day moving average price is $52.90. The company has a market cap of $170.83 million, a P/E ratio of 23.08 and a beta of 1.76. PLUS Korea Defense Industry Index ETF has a 52-week low of $31.51 and a 52-week high of $67.41.

PLUS Korea Defense Industry Index ETF Company Profile

The PLUS Korea Defense Industry Index ETF (KDEF) is an exchange-traded fund that is based on the Korea Defense Industry index. The fund is passively managed to track an index which provides concentrated exposure to Koreas leading defense companies. The fund uses an AI program to identify, score and select companies for industry relevance KDEF was launched on Feb 5, 2025 and is issued by PLUS.