Jaffetilchin Investment Partners LLC Sells 30,555 Shares of First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL)

Jaffetilchin Investment Partners LLC decreased its position in shares of First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) by 75.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,064 shares of the company’s stock after selling 30,555 shares during the quarter. Jaffetilchin Investment Partners LLC owned about 0.43% of First Trust Indxx Aerospace & Defense ETF worth $274,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Global Assets Advisory LLC acquired a new stake in First Trust Indxx Aerospace & Defense ETF in the 1st quarter valued at $2,331,000. International Assets Investment Management LLC acquired a new stake in First Trust Indxx Aerospace & Defense ETF in the 4th quarter valued at $972,000. Cambridge Investment Research Advisors Inc. grew its position in First Trust Indxx Aerospace & Defense ETF by 301.4% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 58,593 shares of the company’s stock valued at $1,491,000 after purchasing an additional 43,996 shares during the period. Mutual Advisors LLC grew its position in First Trust Indxx Aerospace & Defense ETF by 34.0% in the 1st quarter. Mutual Advisors LLC now owns 115,341 shares of the company’s stock valued at $3,136,000 after purchasing an additional 29,235 shares during the period. Finally, Benjamin F. Edwards & Company Inc. grew its position in 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 valued at $901,000 after purchasing an additional 14,994 shares during the period.

First Trust Indxx Aerospace & Defense ETF Stock Performance

MISL traded down $0.69 during mid-day trading on Friday, reaching $29.24. 3,329 shares of the stock were exchanged, compared to its average volume of 14,812. The company has a 50 day moving average price of $28.52 and a two-hundred day moving average price of $27.17. The stock has a market capitalization of $68.71 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 $21.23 and a 1 year high of $31.01.

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.