Envestnet Asset Management Inc. Acquires 4,117 Shares of First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL)

Envestnet Asset Management Inc. boosted its holdings in shares of First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) by 14.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,444 shares of the company’s stock after purchasing an additional 4,117 shares during the period. Envestnet Asset Management Inc. owned about 1.42% of First Trust Indxx Aerospace & Defense ETF worth $1,018,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Bright Futures Wealth Management LLC. lifted its holdings in First Trust Indxx Aerospace & Defense ETF by 2.5% during the 4th quarter. Bright Futures Wealth Management LLC. now owns 31,797 shares of the company’s stock valued at $981,000 after purchasing an additional 781 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of First Trust Indxx Aerospace & Defense ETF by 226.8% during the fourth quarter. IFP Advisors Inc now owns 4,281 shares of the company’s stock worth $130,000 after buying an additional 2,971 shares in the last quarter. Adamsbrown Wealth Consultants LLC raised its stake in shares of First Trust Indxx Aerospace & Defense ETF by 28.2% in the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 18,876 shares of the company’s stock valued at $574,000 after acquiring an additional 4,147 shares during the last quarter. Spire Wealth Management acquired a new position in shares of First Trust Indxx Aerospace & Defense ETF in the 4th quarter worth approximately $132,000. Finally, Commonwealth Equity Services LLC grew its position in First Trust Indxx Aerospace & Defense ETF by 34.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 24,210 shares of the company’s stock worth $737,000 after acquiring an additional 6,164 shares during the last quarter.

First Trust Indxx Aerospace & Defense ETF Price Performance

MISL stock opened at $32.05 on Friday. The stock has a market capitalization of $131.41 million, a price-to-earnings ratio of 26.09 and a beta of 0.60. The business has a fifty day moving average price of $30.19 and a 200 day moving average price of $31.02. First Trust Indxx Aerospace & Defense ETF has a fifty-two week low of $26.46 and a fifty-two week high of $34.02.

About First Trust Indxx Aerospace & Defense ETF

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.