NewEdge Advisors LLC Sells 317,586 Shares of First Trust Indxx Aerospace & Defense ETF $MISL

NewEdge Advisors LLC cut its position in shares of First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) by 74.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 109,861 shares of the company’s stock after selling 317,586 shares during the period. NewEdge Advisors LLC’s holdings in First Trust Indxx Aerospace & Defense ETF were worth $4,912,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Flagship Harbor Advisors LLC acquired a new stake in First Trust Indxx Aerospace & Defense ETF in the 4th quarter valued at about $30,000. Pinnacle Bancorp Inc. acquired a new position in First Trust Indxx Aerospace & Defense ETF during the first quarter worth approximately $36,000. Arax Advisory Partners bought a new stake in First Trust Indxx Aerospace & Defense ETF in the fourth quarter valued at approximately $37,000. Advisory Services Network LLC bought a new stake in First Trust Indxx Aerospace & Defense ETF in the third quarter valued at approximately $37,000. Finally, Geneos Wealth Management Inc. raised its stake in First Trust Indxx Aerospace & Defense ETF by 500.0% in the first quarter. Geneos Wealth Management Inc. now owns 1,200 shares of the company’s stock valued at $36,000 after buying an additional 1,000 shares during the period.

First Trust Indxx Aerospace & Defense ETF Stock Up 0.9%

MISL opened at $42.83 on Friday. First Trust Indxx Aerospace & Defense ETF has a 12-month low of $37.76 and a 12-month high of $51.10. The business has a 50 day moving average of $45.32 and a 200-day moving average of $46.63. The stock has a market cap of $725.97 million, a price-to-earnings 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.