HighTower Advisors LLC Boosts Position in First Trust Indxx Aerospace & Defense ETF $MISL

HighTower Advisors LLC raised its stake in First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) by 196.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 71,365 shares of the company’s stock after acquiring an additional 47,265 shares during the period. HighTower Advisors LLC’s holdings in First Trust Indxx Aerospace & Defense ETF were worth $2,958,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. B. Riley Wealth Advisors Inc. acquired a new position in shares of First Trust Indxx Aerospace & Defense ETF in the 2nd quarter valued at $989,000. Osaic Holdings Inc. boosted its stake in First Trust Indxx Aerospace & Defense ETF by 11.4% in the second quarter. Osaic Holdings Inc. now owns 241,385 shares of the company’s stock valued at $9,018,000 after acquiring an additional 24,727 shares in the last quarter. Retirement Planning Group LLC acquired a new position in First Trust Indxx Aerospace & Defense ETF in the third quarter valued at $453,000. J.W. Cole Advisors Inc. purchased a new position in shares of First Trust Indxx Aerospace & Defense ETF during the second quarter worth about $1,030,000. Finally, Sigma Planning Corp increased its position in shares of First Trust Indxx Aerospace & Defense ETF by 28.9% during the second quarter. Sigma Planning Corp now owns 19,217 shares of the company’s stock worth $718,000 after purchasing an additional 4,310 shares in the last quarter.

First Trust Indxx Aerospace & Defense ETF Stock Performance

First Trust Indxx Aerospace & Defense ETF stock opened at $49.34 on Friday. The company has a market capitalization of $1.48 billion, a P/E ratio of 28.78 and a beta of 0.66. First Trust Indxx Aerospace & Defense ETF has a fifty-two week low of $26.46 and a fifty-two week high of $51.10. The stock has a 50-day simple moving average of $47.64 and a 200-day simple moving average of $43.17.

First Trust Indxx Aerospace & Defense ETF 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.