Donn,
My .45 Shield does the exact same thing...on the second or third round of either magazine, the cartridge fails to move up to be chambered. No jams or other lock-ups...the slide just fails to move forward and chamber the next round in the magazine.
I sent it to the factory once, and the problem is still there.
I'll send it back again, but this time bonephish, I'll tell them that I have a premature lock-back problem with the slide. Maybe they'll replace the slide lock mechanism this time.
I'm actually not sure exactly what they did the first time I sent it back, but this Shield isn't designed as a range "toy", and if it fails to feed the second or third round without racking the slide, then I'm basically carrying nothing more than a single shot or derringer if I need the pistol as a defensive tool.
My 9mm and .40S&W Shields never gave me any problems, which is why I thought I'd try a .45.
I hope you get your pistol fixed, and if so, please let me know. Thanks, and have a great weekend.