Raymond James Financial Inc. bought a new position in shares of First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL – Free Report) during the fourth quarter, Holdings Channel reports. The fund bought 18,651 shares of the company’s stock, valued at approximately $568,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. IFP Advisors Inc grew its stake in shares of First Trust Indxx Aerospace & Defense ETF by 226.8% in the fourth quarter. IFP Advisors Inc now owns 4,281 shares of the company’s stock worth $130,000 after purchasing an additional 2,971 shares during the last quarter. Spire Wealth Management bought a new position in First Trust Indxx Aerospace & Defense ETF during the 4th quarter worth $132,000. Wedbush Securities Inc. acquired a new position in First Trust Indxx Aerospace & Defense ETF during the 4th quarter worth about $207,000. Good Life Advisors LLC bought a new stake in shares of First Trust Indxx Aerospace & Defense ETF in the 4th quarter valued at about $234,000. Finally, Golden State Wealth Management LLC acquired a new stake in shares of First Trust Indxx Aerospace & Defense ETF in the fourth quarter valued at about $274,000.
First Trust Indxx Aerospace & Defense ETF Price Performance
Shares of MISL opened at $32.92 on Friday. The business has a 50-day moving average of $30.46 and a 200-day moving average of $31.02. First Trust Indxx Aerospace & Defense ETF has a 1 year low of $26.46 and a 1 year high of $34.02. The company has a market capitalization of $136.62 million, a price-to-earnings ratio of 27.93 and a beta of 0.58.
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.
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