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ALL
AUM
$222388084
P/E ratio
7.4
Dividend yield
0.7518%
Expense ratio
0.6%
Beta
0.68693
Previous close
$42.20
Today's open
$42.35
Day's range
$41.79 - $42.42
52 week range
$26.46 - $44.03
Industries
Industrials
9.16%
8.47%
Should You Invest in the First Trust Indxx Aerospace & Defense ETF (MISL)?
Launched on October 25, 2022, the First Trust Indxx Aerospace & Defense ETF (MISL) is a passively managed exchange traded fund designed to provide a broad exposure to the Industrials - Aerospace & Defense segment of the equity market.
Zacks Investment Research • Nov 26, 2025

Guide to Aerospace & Defense ETFs
Defense spending hit a record $2.72T in 2024, boosting aerospace sector earnings as global tensions drive military budgets higher. ETFs like ITA, PPA and XAR are likely to gain.
Zacks Investment Research • Jun 5, 2025

MISL: Don't Fear The Decline, Think Long-Term
Despite geopolitical tensions, defense stocks like those in the First Trust Indxx Aerospace & Defense ETF (MISL) have declined due to fears of budget cuts under President Trump's DOGE initiative. The proposed $895 billion defense budget for 2025 contradicts market fears, suggesting defense spending cuts are unlikely given strong congressional resistance and vested state interests. MISL's recent underperformance and high volatility are likely temporary, with a long-term bullish outlook based on sustained defense spending and the potential for faster AUM growth compared to peers.
Seeking Alpha • Dec 13, 2024

5 Top-Ranked ETFs to Buy on the Dip
Investors can take advantage of beaten-down prices because the second Trump administration is likely to boost stocks.
Zacks Investment Research • Nov 18, 2024

Aerospace and defense ETFs beat S&P 500 as Middle East fears intensify
Aerospace and defense ETFs have surged in the past year — and are up so far this week even as the U.S. stock market has broadly stumbled.
Market Watch • Oct 3, 2024

Disruptive Theme of the Week: Top ETF Themes Through Q3 2024
As we face the last quarter of 2024, interest rates are finally heading down, kicked off by a 50 basis point Fed cut, the election race is too close to call, and global geopolitical instability remains a risk factor.
ETF Trends • Oct 3, 2024

On the Radar With Aerospace and Defense ETFs
Like many analysts and investors, I'm always searching for the next big idea—whether it's a new company that creates a path to a whole new industry, an innovative ETF, or a new megatrend. I'm still an advocate of crypto, artificial intelligence, and other disruptive technologies, but sometimes good investment ideas aren't always obscure.
ETF Trends • Sep 19, 2024

Q3 Earnings Put Lockheed Martin Heavy ETFs in Focus
Look into ETFs with an exposure in LMT, as the world's largest defense contractor reports better-than-expected Q3 earnings.
Zacks Investment Research • Oct 20, 2023

Lockheed Martin Heavy ETFs Set to Shine Post Q2 Earnings
Lockheed Martin beat both earnings and revenue estimates in the second quarter. Look into some ETFs to capitalize.
Zacks Investment Research • Jul 24, 2023

4 ETF Categories That Have Gained Prominence Past Year
Issuers have mainly launched four types of ETFs in the past one year, namely -- thematic, smart-beta, international equity and managed risk/defined outcome.
Zacks Investment Research • Jul 11, 2023

¹ Disclosures

Open an M1 investment account to buy and sell Indxx Aerospace & Defense ETF commission-free¹. Build wealth for the long term using automated trading and transfers.