Bright Futures Wealth Management LLC. Takes $589,000 Position in First Trust Indxx Aerospace & Defense ETF $MISL

Bright Futures Wealth Management LLC. bought a new position in First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 14,202 shares of the company’s stock, valued at approximately $589,000. Bright Futures Wealth Management LLC. owned about 0.28% of First Trust Indxx Aerospace & Defense ETF at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Twin Peaks Wealth Advisors LLC purchased a new stake in First Trust Indxx Aerospace & Defense ETF in the 2nd quarter worth about $31,000. Geneos Wealth Management Inc. grew its stake in shares of First Trust Indxx Aerospace & Defense ETF by 500.0% during the first quarter. Geneos Wealth Management Inc. now owns 1,200 shares of the company’s stock valued at $36,000 after buying an additional 1,000 shares during the last quarter. Assetmark Inc. raised its holdings in shares of First Trust Indxx Aerospace & Defense ETF by 75.4% in the second quarter. Assetmark Inc. now owns 1,096 shares of the company’s stock worth $41,000 after buying an additional 471 shares during the period. NewEdge Advisors LLC bought a new stake in shares of First Trust Indxx Aerospace & Defense ETF during the 1st quarter worth approximately $86,000. Finally, Total Investment Management Inc. purchased a new position in First Trust Indxx Aerospace & Defense ETF during the 2nd quarter valued at $121,000.

First Trust Indxx Aerospace & Defense ETF Stock Down 0.0%

Shares of First Trust Indxx Aerospace & Defense ETF stock opened at $49.32 on Monday. The stock’s fifty day moving average is $47.77 and its two-hundred day moving average is $43.30. First Trust Indxx Aerospace & Defense ETF has a 52 week low of $26.46 and a 52 week high of $51.10. The company has a market capitalization of $1.48 billion, a PE ratio of 28.78 and a beta of 0.66.

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.