First Trust Innovation Leaders ETF (NYSEARCA:ILDR) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

First Trust Innovation Leaders ETF (NYSEARCA:ILDR – Get Free Report) crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $36.03 and traded as high as $36.46. First Trust Innovation Leaders ETF shares last traded at $36.06, with a volume of 41,759 shares traded.

First Trust Innovation Leaders ETF Trading Up 2.5%

The firm’s fifty day moving average price is $38.27 and its 200-day moving average price is $36.03. The company has a market cap of $335.36 million, a price-to-earnings ratio of 39.35 and a beta of 1.33.

Institutional Trading of First Trust Innovation Leaders ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Balance Wealth Partners LLC bought a new stake in shares of First Trust Innovation Leaders ETF in the 3rd quarter valued at about $36,000. Integrated Wealth Concepts LLC acquired a new stake in shares of First Trust Innovation Leaders ETF in the second quarter valued at approximately $52,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of First Trust Innovation Leaders ETF during the 3rd quarter worth approximately $54,000. Fifth Third Bancorp boosted its stake in shares of First Trust Innovation Leaders ETF by 690.2% during the 1st quarter. Fifth Third Bancorp now owns 5,152 shares of the company’s stock worth $153,000 after acquiring an additional 4,500 shares during the period. Finally, WealthPlan Investment Management LLC acquired a new position in shares of First Trust Innovation Leaders ETF during the 3rd quarter worth approximately $201,000.

First Trust Innovation Leaders ETF Company Profile

(Get Free Report)

The First Trust Innovation Leaders ETF (ILDR) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that seeks capital appreciation by targeting global companies believed to benefit from scientific and technological innovation. ILDR was launched on May 25, 2021 and is managed by First Trust.

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