First Trust Indxx Aerospace & Defense ETF $MISL Shares Sold by First Trust Advisors LP

First Trust Advisors LP lessened its stake in First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) by 21.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,692,155 shares of the company’s stock after selling 3,900,235 shares during the period. First Trust Advisors LP owned about 43.92% of First Trust Indxx Aerospace & Defense ETF worth $656,886,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. NewEdge Advisors LLC purchased a new position in shares of First Trust Indxx Aerospace & Defense ETF during the 1st quarter valued at approximately $86,000. Geneos Wealth Management Inc. boosted its holdings in 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 worth $36,000 after buying an additional 1,000 shares in the last quarter. Raymond James Financial Inc. grew its position in First Trust Indxx Aerospace & Defense ETF by 971.3% during the second quarter. Raymond James Financial Inc. now owns 174,168 shares of the company’s stock valued at $6,507,000 after buying an additional 157,911 shares during the period. Jane Street Group LLC acquired a new stake in First Trust Indxx Aerospace & Defense ETF during the second quarter valued at $362,000. Finally, Benjamin Edwards Inc. grew its position in First Trust Indxx Aerospace & Defense ETF by 30.2% during the second quarter. Benjamin Edwards Inc. now owns 55,810 shares of the company’s stock valued at $2,085,000 after buying an additional 12,950 shares during the period.

First Trust Indxx Aerospace & Defense ETF Stock Up 0.7%

MISL stock opened at $42.55 on Wednesday. First Trust Indxx Aerospace & Defense ETF has a 52-week low of $37.76 and a 52-week high of $51.10. The firm has a market cap of $733.99 million, a P/E ratio of 28.78 and a beta of 0.67. The company’s 50-day simple moving average is $45.60 and its 200-day simple moving average is $46.75.

First Trust Indxx Aerospace & Defense ETF Company 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.