Concorde Asset Management LLC Grows Holdings in First Trust Indxx Aerospace & Defense ETF $MISL

Concorde Asset Management LLC boosted its holdings in First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) by 46.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 62,138 shares of the company’s stock after purchasing an additional 19,697 shares during the quarter. First Trust Indxx Aerospace & Defense ETF makes up approximately 1.1% of Concorde Asset Management LLC’s holdings, making the stock its 26th biggest position. Concorde Asset Management LLC owned 0.21% of First Trust Indxx Aerospace & Defense ETF worth $2,659,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Flagship Harbor Advisors LLC bought a new position in First Trust Indxx Aerospace & Defense ETF in the 4th quarter worth approximately $30,000. Advisory Services Network LLC bought a new position in First Trust Indxx Aerospace & Defense ETF in the 3rd quarter worth approximately $37,000. Geneos Wealth Management Inc. boosted its stake in First Trust Indxx Aerospace & Defense ETF by 500.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,200 shares of the company’s stock worth $36,000 after purchasing an additional 1,000 shares during the period. Harbour Investments Inc. boosted its stake in First Trust Indxx Aerospace & Defense ETF by 70.9% in the 4th quarter. Harbour Investments Inc. now owns 1,205 shares of the company’s stock worth $52,000 after purchasing an additional 500 shares during the period. Finally, Steward Partners Investment Advisory LLC bought a new position in First Trust Indxx Aerospace & Defense ETF in the 4th quarter worth approximately $55,000.

First Trust Indxx Aerospace & Defense ETF Price Performance

MISL stock opened at $46.06 on Friday. First Trust Indxx Aerospace & Defense ETF has a 1-year low of $35.21 and a 1-year high of $51.10. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 28.78 and a beta of 0.64. The business has a 50 day simple moving average of $45.97 and a two-hundred day simple moving average of $46.11.

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.