Private Advisor Group LLC Buys 13,485 Shares of First Trust Indxx Aerospace & Defense ETF $MISL

Private Advisor Group LLC boosted its stake in First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) by 38.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,225 shares of the company’s stock after purchasing an additional 13,485 shares during the quarter. Private Advisor Group LLC’s holdings in First Trust Indxx Aerospace & Defense ETF were worth $2,156,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. IFP Advisors Inc increased its stake in First Trust Indxx Aerospace & Defense ETF by 1,037.2% in the third quarter. IFP Advisors Inc now owns 46,069 shares of the company’s stock valued at $1,910,000 after purchasing an additional 42,018 shares in the last quarter. Trust Co. of Oklahoma acquired a new stake in First Trust Indxx Aerospace & Defense ETF in the fourth quarter worth $1,406,000. TriaGen Wealth Management LLC bought a new position in shares of First Trust Indxx Aerospace & Defense ETF during the fourth quarter worth $1,449,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of First Trust Indxx Aerospace & Defense ETF during the fourth quarter worth $119,812,000. Finally, World Investment Advisors acquired a new position in shares of First Trust Indxx Aerospace & Defense ETF in the 4th quarter valued at $5,063,000.

First Trust Indxx Aerospace & Defense ETF Stock Down 0.6%

MISL opened at $44.53 on Friday. First Trust Indxx Aerospace & Defense ETF has a 12 month low of $37.64 and a 12 month high of $51.10. The company has a fifty day simple moving average of $45.82 and a 200 day simple moving average of $46.75. The stock has a market cap of $770.37 million, a P/E ratio of 28.78 and a beta of 0.67.

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.