IFP Advisors Inc Boosts Holdings in First Trust Indxx Aerospace & Defense ETF $MISL

IFP Advisors Inc boosted its holdings in shares of First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) by 113.0% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 101,253 shares of the company’s stock after buying an additional 53,706 shares during the quarter. IFP Advisors Inc’s holdings in First Trust Indxx Aerospace & Defense ETF were worth $4,634,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Pinnacle Bancorp Inc. bought a new position in First Trust Indxx Aerospace & Defense ETF in the first quarter worth approximately $36,000. Geneos Wealth Management Inc. grew its position in shares of First Trust Indxx Aerospace & Defense ETF by 500.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,200 shares of the company’s stock valued at $36,000 after acquiring an additional 1,000 shares during the period. Arax Advisory Partners bought a new stake in shares of First Trust Indxx Aerospace & Defense ETF during the 4th quarter valued at $37,000. Advisory Services Network LLC purchased a new stake in shares of First Trust Indxx Aerospace & Defense ETF in the 3rd quarter worth $37,000. Finally, Harbour Investments Inc. increased its stake in shares of First Trust Indxx Aerospace & Defense ETF by 70.9% in the 4th quarter. Harbour Investments Inc. now owns 1,205 shares of the company’s stock worth $52,000 after purchasing an additional 500 shares in the last quarter.

First Trust Indxx Aerospace & Defense ETF Stock Performance

Shares of First Trust Indxx Aerospace & Defense ETF stock opened at $42.29 on Friday. The stock has a market cap of $716.82 million, a P/E ratio of 28.78 and a beta of 0.69. The stock’s fifty day moving average is $44.71 and its 200 day moving average is $45.81. First Trust Indxx Aerospace & Defense ETF has a one year low of $38.84 and a one year high of $51.10.

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.