IFP Advisors Inc Grows Stock Holdings in First Trust Indxx Aerospace & Defense ETF $MISL

IFP Advisors Inc lifted its position in First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) by 1,037.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,069 shares of the company’s stock after purchasing an additional 42,018 shares during the quarter. IFP Advisors Inc owned 0.89% of First Trust Indxx Aerospace & Defense ETF worth $1,910,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Advisory Services Network LLC purchased a new position in shares of First Trust Indxx Aerospace & Defense ETF during the 3rd quarter valued at about $37,000. Susquehanna International Group LLP bought a new position in First Trust Indxx Aerospace & Defense ETF during the third quarter valued at approximately $813,000. Prosperity Financial Group Inc. raised its stake in shares of First Trust Indxx Aerospace & Defense ETF by 1.2% during the third quarter. Prosperity Financial Group Inc. now owns 119,654 shares of the company’s stock worth $4,960,000 after acquiring an additional 1,399 shares in the last quarter. Citadel Advisors LLC purchased a new position in shares of First Trust Indxx Aerospace & Defense ETF during the third quarter worth approximately $807,000. Finally, Bank of America Corp DE lifted its holdings in shares of First Trust Indxx Aerospace & Defense ETF by 487.5% in the 3rd quarter. Bank of America Corp DE now owns 23,305 shares of the company’s stock worth $966,000 after acquiring an additional 19,338 shares during the last quarter.

First Trust Indxx Aerospace & Defense ETF Stock Performance

Shares of First Trust Indxx Aerospace & Defense ETF stock opened at $45.82 on Friday. The company has a fifty day moving average of $48.92 and a 200-day moving average of $44.26. First Trust Indxx Aerospace & Defense ETF has a 52-week low of $26.46 and a 52-week high of $51.10. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 28.78 and a beta of 0.66.

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.