World Investment Advisors Takes Position in First Trust Indxx Aerospace & Defense ETF $MISL

World Investment Advisors purchased a new position in First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 118,311 shares of the company’s stock, valued at approximately $5,063,000.

Other institutional investors have also made changes to their positions in the company. Flagship Harbor Advisors LLC bought a new stake in First Trust Indxx Aerospace & Defense ETF in the fourth quarter valued at about $30,000. Geneos Wealth Management Inc. boosted its holdings in First Trust Indxx Aerospace & Defense ETF by 500.0% during the first quarter. Geneos Wealth Management Inc. now owns 1,200 shares of the company’s stock worth $36,000 after buying an additional 1,000 shares during the last quarter. Arax Advisory Partners acquired a new position in shares of First Trust Indxx Aerospace & Defense ETF during the 4th quarter worth about $37,000. Advisory Services Network LLC acquired a new position in shares of First Trust Indxx Aerospace & Defense ETF during the 3rd quarter worth about $37,000. Finally, Harbour Investments Inc. increased its stake in shares of First Trust Indxx Aerospace & Defense ETF by 70.9% in the 4th quarter. Harbour Investments Inc. now owns 1,205 shares of the company’s stock valued at $52,000 after acquiring an additional 500 shares during the last quarter.

First Trust Indxx Aerospace & Defense ETF Price Performance

Shares of NYSEARCA:MISL opened at $45.84 on Friday. The firm’s 50 day simple moving average is $46.17 and its 200 day simple moving average is $45.42. First Trust Indxx Aerospace & Defense ETF has a fifty-two week low of $33.23 and a fifty-two week high of $51.10. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 28.78 and a beta of 0.61.

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.