Sowell Financial Services LLC Acquires New Position in First Trust Innovation Leaders ETF $ILDR

Sowell Financial Services LLC purchased a new stake in shares of First Trust Innovation Leaders ETF (NYSEARCA:ILDR) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 15,594 shares of the company’s stock, valued at approximately $616,000. Sowell Financial Services LLC owned 0.17% of First Trust Innovation Leaders ETF at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Citadel Advisors LLC grew its position in First Trust Innovation Leaders ETF by 29.3% in the second quarter. Citadel Advisors LLC now owns 57,413 shares of the company’s stock valued at $2,253,000 after acquiring an additional 13,025 shares in the last quarter. Cetera Investment Advisers increased its position in shares of First Trust Innovation Leaders ETF by 142.1% during the first quarter. Cetera Investment Advisers now owns 272,975 shares of the company’s stock worth $8,129,000 after acquiring an additional 160,204 shares during the last quarter. HBW Advisory Services LLC lifted its stake in shares of First Trust Innovation Leaders ETF by 13.3% in the first quarter. HBW Advisory Services LLC now owns 148,261 shares of the company’s stock worth $4,415,000 after acquiring an additional 17,357 shares in the last quarter. Assetmark Inc. lifted its stake in shares of First Trust Innovation Leaders ETF by 15.3% in the first quarter. Assetmark Inc. now owns 233,218 shares of the company’s stock worth $6,945,000 after acquiring an additional 30,989 shares in the last quarter. Finally, Sanctuary Advisors LLC lifted its stake in shares of First Trust Innovation Leaders ETF by 42.4% in the first quarter. Sanctuary Advisors LLC now owns 99,914 shares of the company’s stock worth $2,975,000 after acquiring an additional 29,731 shares in the last quarter.

First Trust Innovation Leaders ETF Stock Performance

Shares of ILDR opened at $35.27 on Tuesday. The company has a market capitalization of $326.25 million, a P/E ratio of 39.35 and a beta of 1.30. First Trust Innovation Leaders ETF has a one year low of $28.19 and a one year high of $41.10. The stock has a 50-day moving average price of $38.77 and a 200 day moving average price of $35.97.

About First Trust Innovation Leaders ETF

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.