Security Financial Services INC. Purchases 43,749 Shares of Global X Defense Tech ETF $SHLD

Security Financial Services INC. increased its position in shares of Global X Defense Tech ETF (NYSEARCA:SHLD) by 45.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 139,546 shares of the company’s stock after purchasing an additional 43,749 shares during the period. Global X Defense Tech ETF makes up 1.6% of Security Financial Services INC.’s portfolio, making the stock its 17th largest holding. Security Financial Services INC. owned about 0.12% of Global X Defense Tech ETF worth $9,885,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in SHLD. Financial Life Planners bought a new stake in Global X Defense Tech ETF in the first quarter worth about $26,000. Evolution Wealth Management Inc. grew its stake in shares of Global X Defense Tech ETF by 57.0% during the first quarter. Evolution Wealth Management Inc. now owns 793 shares of the company’s stock valued at $56,000 after buying an additional 288 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Global X Defense Tech ETF by 12.1% during the first quarter. EverSource Wealth Advisors LLC now owns 1,681 shares of the company’s stock valued at $119,000 after buying an additional 181 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of Global X Defense Tech ETF by 75.8% in the first quarter. International Assets Investment Management LLC now owns 1,695 shares of the company’s stock worth $125,000 after buying an additional 731 shares during the period. Finally, Main Street Group LTD purchased a new stake in shares of Global X Defense Tech ETF in the first quarter worth approximately $126,000. 57.57% of the stock is currently owned by institutional investors.

Global X Defense Tech ETF Stock Performance

Shares of SHLD stock opened at $63.25 on Friday. The stock has a 50 day moving average price of $62.56 and a 200 day moving average price of $69.13. Global X Defense Tech ETF has a 52-week low of $57.89 and a 52-week high of $78.49. The firm 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 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.