IFP Advisors Inc Boosts Stock Position in First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL)

IFP Advisors Inc boosted its holdings in First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) by 226.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,281 shares of the company’s stock after purchasing an additional 2,971 shares during the period. IFP Advisors Inc owned about 0.18% of First Trust Indxx Aerospace & Defense ETF worth $130,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of MISL. Spire Wealth Management bought a new stake in shares of First Trust Indxx Aerospace & Defense ETF during the 4th quarter valued at $132,000. Concurrent Investment Advisors LLC bought a new stake in shares of First Trust Indxx Aerospace & Defense ETF during the 3rd quarter valued at $228,000. Good Life Advisors LLC bought a new stake in shares of First Trust Indxx Aerospace & Defense ETF during the 4th quarter valued at $234,000. Schrum Private Wealth Management LLC bought a new stake in shares of First Trust Indxx Aerospace & Defense ETF during the 3rd quarter valued at $275,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of First Trust Indxx Aerospace & Defense ETF during the 4th quarter valued at $274,000.

First Trust Indxx Aerospace & Defense ETF Stock Down 1.6 %

Shares of NYSEARCA MISL opened at $29.44 on Wednesday. The firm has a market capitalization of $123.65 million, a P/E ratio of 26.29 and a beta of 0.64. The stock’s 50-day simple moving average is $30.84 and its two-hundred day simple moving average is $31.35. First Trust Indxx Aerospace & Defense ETF has a twelve month low of $26.06 and a twelve month high of $34.02.

First Trust Indxx Aerospace & Defense ETF Company Profile

The First Trust Indxx Aerospace & Defense ETF (MISL) is an exchange-traded fund that is based on the Indxx US Aerospace & Defense index. The fund tracks a market cap-weighted index of 50 US companies involved in advanced and traditional aerospace and defense. MISL was launched on Oct 25, 2022 and is managed by First Trust.