Envestnet Asset Management Inc. Has $1.10 Million Holdings in First Trust Indxx Aerospace & Defense ETF $MISL

Envestnet Asset Management Inc. decreased its position in shares of First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) by 18.3% in the second quarter, Holdings Channel reports. The fund owned 29,475 shares of the company’s stock after selling 6,597 shares during the period. Envestnet Asset Management Inc.’s holdings in First Trust Indxx Aerospace & Defense ETF were worth $1,101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. IFP Advisors Inc increased its stake in shares of First Trust Indxx Aerospace & Defense ETF by 12.7% in the first quarter. IFP Advisors Inc now owns 4,826 shares of the company’s stock worth $146,000 after purchasing an additional 545 shares during the period. Wedbush Securities Inc. grew its holdings in First Trust Indxx Aerospace & Defense ETF by 10.7% in the 1st quarter. Wedbush Securities Inc. now owns 7,524 shares of the company’s stock valued at $228,000 after buying an additional 725 shares during the last quarter. Cetera Investment Advisers increased its position in 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 worth $1,535,000 after buying an additional 1,290 shares during the period. Benjamin Edwards Inc. lifted its holdings in shares of First Trust Indxx Aerospace & Defense ETF by 42.7% during the first quarter. Benjamin Edwards Inc. now owns 42,860 shares of the company’s stock worth $1,298,000 after buying an additional 12,820 shares during the last quarter. Finally, HighTower Advisors LLC boosted its position in shares of First Trust Indxx Aerospace & Defense ETF by 110.3% in the first quarter. HighTower Advisors LLC now owns 46,365 shares of the company’s stock valued at $1,404,000 after acquiring an additional 24,318 shares during the period.

First Trust Indxx Aerospace & Defense ETF Trading Up 0.1%

Shares of First Trust Indxx Aerospace & Defense ETF stock opened at $39.38 on Friday. First Trust Indxx Aerospace & Defense ETF has a 1 year low of $26.46 and a 1 year high of $44.03. The company’s fifty day simple moving average is $41.70 and its 200-day simple moving average is $38.61. The company has a market cap of $202.81 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.