Northwest Financial Advisors Sells 11,662 Shares of First Trust Indxx Aerospace & Defense ETF $MISL

Northwest Financial Advisors decreased its position in First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) by 50.4% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 11,478 shares of the company’s stock after selling 11,662 shares during the quarter. Northwest Financial Advisors’ holdings in First Trust Indxx Aerospace & Defense ETF were worth $429,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Cetera Investment Advisers grew its stake in shares of First Trust Indxx Aerospace & Defense ETF by 2.6% in the 1st quarter. Cetera Investment Advisers now owns 50,689 shares of the company’s stock valued at $1,535,000 after buying an additional 1,290 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of First Trust Indxx Aerospace & Defense ETF by 2.2% in the 2nd quarter. Janney Montgomery Scott LLC now owns 120,286 shares of the company’s stock valued at $4,494,000 after buying an additional 2,569 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of First Trust Indxx Aerospace & Defense ETF in the 2nd quarter valued at approximately $33,000. IFP Advisors Inc grew its stake in shares of First Trust Indxx Aerospace & Defense ETF by 12.7% in the 1st quarter. IFP Advisors Inc now owns 4,826 shares of the company’s stock valued at $146,000 after buying an additional 545 shares in the last quarter. Finally, HighTower Advisors LLC grew its stake in shares of First Trust Indxx Aerospace & Defense ETF by 110.3% in the 1st quarter. HighTower Advisors LLC now owns 46,365 shares of the company’s stock valued at $1,404,000 after buying an additional 24,318 shares in the last quarter.

First Trust Indxx Aerospace & Defense ETF Stock Performance

Shares of NYSEARCA MISL opened at $43.34 on Wednesday. The business has a 50 day simple moving average of $40.84 and a 200 day simple moving average of $37.36. First Trust Indxx Aerospace & Defense ETF has a 52 week low of $26.46 and a 52 week high of $44.03. The stock has a market cap of $223.20 million, a price-to-earnings ratio of 28.78 and a beta of 0.66.

First Trust Indxx Aerospace & Defense ETF 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.