IFP Advisors Inc Purchases 42,018 Shares of First Trust Indxx Aerospace & Defense ETF $MISL

IFP Advisors Inc increased its position in shares of First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) by 1,037.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,069 shares of the company’s stock after purchasing an additional 42,018 shares during the period. IFP Advisors Inc’s holdings in First Trust Indxx Aerospace & Defense ETF were worth $1,910,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of MISL. MML Investors Services LLC boosted its holdings in First Trust Indxx Aerospace & Defense ETF by 11.1% in the 2nd quarter. MML Investors Services LLC now owns 384,581 shares of the company’s stock worth $14,368,000 after buying an additional 38,270 shares during the period. Raymond James Financial Inc. raised its holdings in First Trust Indxx Aerospace & Defense ETF by 44.0% during the third quarter. Raymond James Financial Inc. now owns 250,773 shares of the company’s stock valued at $10,395,000 after acquiring an additional 76,605 shares during the period. Osaic Holdings Inc. raised its holdings in First Trust Indxx Aerospace & Defense ETF by 11.4% during the second quarter. Osaic Holdings Inc. now owns 241,385 shares of the company’s stock valued at $9,018,000 after acquiring an additional 24,727 shares during the period. Mutual Advisors LLC lifted its position in shares of First Trust Indxx Aerospace & Defense ETF by 2.5% in the third quarter. Mutual Advisors LLC now owns 226,450 shares of the company’s stock valued at $9,755,000 after acquiring an additional 5,510 shares in the last quarter. Finally, Prosperity Financial Group Inc. boosted its stake in shares of First Trust Indxx Aerospace & Defense ETF by 1.2% in 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 during the period.

First Trust Indxx Aerospace & Defense ETF Stock Down 2.4%

NYSEARCA MISL opened at $45.82 on Friday. First Trust Indxx Aerospace & Defense ETF has a twelve month low of $26.46 and a twelve month high of $51.10. The business has a 50-day moving average price of $48.92 and a 200-day moving average price of $44.26. The firm has a market cap 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.