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

First Trust Advisors LP decreased its stake in shares of First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) by 21.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,692,155 shares of the company’s stock after selling 3,900,235 shares during the quarter. First Trust Advisors LP owned about 0.44% of First Trust Indxx Aerospace & Defense ETF worth $656,886,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in First Trust Indxx Aerospace & Defense ETF in the 4th quarter valued at $119,812,000. Nilsine Partners LLC purchased a new position in shares of First Trust Indxx Aerospace & Defense ETF during the 4th quarter worth $22,329,000. Advisory Services Network LLC raised its holdings in shares of First Trust Indxx Aerospace & Defense ETF by 48,689.2% during the 4th quarter. Advisory Services Network LLC now owns 439,591 shares of the company’s stock worth $18,810,000 after acquiring an additional 438,690 shares during the period. NewEdge Advisors LLC boosted its position in shares of First Trust Indxx Aerospace & Defense ETF by 14,898.1% during the 4th quarter. NewEdge Advisors LLC now owns 427,447 shares of the company’s stock valued at $18,290,000 after acquiring an additional 424,597 shares during the last quarter. Finally, WCG Wealth Advisors LLC acquired a new position in shares of First Trust Indxx Aerospace & Defense ETF during the 4th quarter valued at about $17,189,000.

First Trust Indxx Aerospace & Defense ETF Trading Up 0.7%

Shares of MISL opened at $42.55 on Wednesday. First Trust Indxx Aerospace & Defense ETF has a 12-month low of $37.76 and a 12-month high of $51.10. The firm has a 50-day moving average price of $45.60 and a 200 day moving average price of $46.75. The firm has a market capitalization of $733.99 million, a P/E ratio of 28.78 and a beta of 0.67.

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.