International Assets Investment Management LLC Invests $972,000 in First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL)

International Assets Investment Management LLC acquired a new stake in First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 38,183 shares of the company’s stock, valued at approximately $972,000. International Assets Investment Management LLC owned about 3.47% of First Trust Indxx Aerospace & Defense ETF at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. increased its stake in shares of First Trust Indxx Aerospace & Defense ETF by 4.4% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 14,597 shares of the company’s stock valued at $318,000 after purchasing an additional 619 shares during the last quarter. Triumph Capital Management acquired a new position in First Trust Indxx Aerospace & Defense ETF during the third quarter worth about $972,000. J Arnold Wealth Management Co bought a new position in shares of First Trust Indxx Aerospace & Defense ETF in the third quarter worth about $11,152,000. Mutual Advisors LLC boosted its stake in shares of First Trust Indxx Aerospace & Defense ETF by 9.9% in the 3rd quarter. Mutual Advisors LLC now owns 62,736 shares of the company’s stock valued at $1,367,000 after purchasing an additional 5,656 shares in the last quarter. Finally, Key Client Fiduciary Advisors LLC bought a new stake in shares of First Trust Indxx Aerospace & Defense ETF during the 3rd quarter valued at approximately $2,795,000.

First Trust Indxx Aerospace & Defense ETF Price Performance

Shares of NYSEARCA:MISL opened at $26.49 on Tuesday. The firm has a 50 day simple moving average of $26.47 and a 200 day simple moving average of $25.01. The company has a market cap of $51.65 million, a price-to-earnings ratio of 28.73 and a beta of 0.97. First Trust Indxx Aerospace & Defense ETF has a one year low of $21.23 and a one year high of $27.25.

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.