D.A. Davidson & CO. Cuts Stock Position in First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL)

D.A. Davidson & CO. reduced its position in First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) by 2.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 306,363 shares of the company’s stock after selling 8,446 shares during the quarter. D.A. Davidson & CO. owned 13.04% of First Trust Indxx Aerospace & Defense ETF worth $9,324,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Spire Wealth Management purchased a new position in shares of First Trust Indxx Aerospace & Defense ETF in the 4th quarter worth about $132,000. Concurrent Investment Advisors LLC purchased a new position in shares of First Trust Indxx Aerospace & Defense ETF in the 3rd quarter worth about $228,000. Schrum Private Wealth Management LLC purchased a new position in shares of First Trust Indxx Aerospace & Defense ETF in the 3rd quarter worth about $275,000. Golden State Wealth Management LLC purchased a new stake in First Trust Indxx Aerospace & Defense ETF during the 4th quarter valued at about $274,000. Finally, Jane Street Group LLC purchased a new stake in First Trust Indxx Aerospace & Defense ETF during the 3rd quarter valued at about $339,000.

First Trust Indxx Aerospace & Defense ETF Price Performance

Shares of MISL stock opened at $30.06 on Wednesday. The stock has a market capitalization of $70.64 million, a PE ratio of 30.48 and a beta of 0.60. First Trust Indxx Aerospace & Defense ETF has a 1-year low of $25.85 and a 1-year high of $34.02. The business has a 50-day moving average of $31.02 and a 200 day moving average of $31.32.

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.