Cambridge Investment Research Advisors Inc. Lowers Holdings in First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL)

Cambridge Investment Research Advisors Inc. reduced its stake in shares of First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) by 16.7% during the 2nd quarter, HoldingsChannel reports. The fund owned 54,612 shares of the company’s stock after selling 10,936 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in First Trust Indxx Aerospace & Defense ETF were worth $1,528,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Key Client Fiduciary Advisors LLC increased its position in First Trust Indxx Aerospace & Defense ETF by 1.9% during the second quarter. Key Client Fiduciary Advisors LLC now owns 319,725 shares of the company’s stock worth $8,948,000 after purchasing an additional 6,099 shares during the last quarter. Bright Futures Wealth Management LLC. purchased a new stake in shares of First Trust Indxx Aerospace & Defense ETF during the 1st quarter valued at $914,000. Mutual Advisors LLC increased its holdings in shares of First Trust Indxx Aerospace & Defense ETF by 34.0% during the 1st quarter. Mutual Advisors LLC now owns 115,341 shares of the company’s stock worth $3,136,000 after buying an additional 29,235 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of First Trust Indxx Aerospace & Defense ETF by 82.6% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 33,137 shares of the company’s stock worth $901,000 after buying an additional 14,994 shares during the period. Finally, Capital Investment Advisory Services LLC boosted its holdings in First Trust Indxx Aerospace & Defense ETF by 25.7% in the first quarter. Capital Investment Advisory Services LLC now owns 6,462 shares of the company’s stock valued at $176,000 after acquiring an additional 1,322 shares during the last quarter.

First Trust Indxx Aerospace & Defense ETF Trading Down 2.7 %

MISL stock opened at $30.71 on Wednesday. The stock has a 50-day moving average price of $29.45 and a two-hundred day moving average price of $28.06. The company has a market cap of $72.18 million, a PE ratio of 30.48 and a beta of 0.60. First Trust Indxx Aerospace & Defense ETF has a 12-month low of $21.23 and a 12-month high of $31.62.

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.