IFP Advisors Inc Has $151,000 Stake in First Trust Indxx Aerospace & Defense ETF $MISL

IFP Advisors Inc reduced its stake in shares of First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) by 16.1% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 4,051 shares of the company’s stock after selling 775 shares during the period. IFP Advisors Inc owned about 0.09% of First Trust Indxx Aerospace & Defense ETF worth $151,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Janney Montgomery Scott LLC boosted its position in shares of First Trust Indxx Aerospace & Defense ETF by 2.2% during the second quarter. Janney Montgomery Scott LLC now owns 120,286 shares of the company’s stock valued at $4,494,000 after buying an additional 2,569 shares during the last quarter. Global Assets Advisory LLC bought a new position in First Trust Indxx Aerospace & Defense ETF during the 1st quarter valued at $2,068,000. Cetera Investment Advisers lifted its stake in First Trust Indxx Aerospace & Defense ETF by 2.6% during the 1st quarter. Cetera Investment Advisers now owns 50,689 shares of the company’s stock valued at $1,535,000 after acquiring an additional 1,290 shares in the last quarter. Clear Creek Financial Management LLC purchased a new position in First Trust Indxx Aerospace & Defense ETF during the 2nd quarter worth $1,755,000. Finally, HighTower Advisors LLC grew its stake in shares of First Trust Indxx Aerospace & Defense ETF by 110.3% in the 1st quarter. HighTower Advisors LLC now owns 46,365 shares of the company’s stock worth $1,404,000 after acquiring an additional 24,318 shares in the last quarter.

First Trust Indxx Aerospace & Defense ETF Price Performance

MISL opened at $41.95 on Friday. The company’s 50-day moving average is $40.22 and its 200 day moving average is $36.61. First Trust Indxx Aerospace & Defense ETF has a fifty-two week low of $26.46 and a fifty-two week high of $44.03. The firm has a market capitalization of $213.95 million, a P/E ratio of 28.78 and a beta of 0.97.

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.