First Trust Innovation Leaders ETF (NYSEARCA:ILDR) Share Price Breaks Below 200-Day Moving Average – What’s Next?

First Trust Innovation Leaders ETF (NYSEARCA:ILDR) crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $35.97 and traded as low as $35.26. First Trust Innovation Leaders ETF shares last traded at $35.27, with a volume of 64,235 shares changing hands.

First Trust Innovation Leaders ETF Price Performance

The firm’s 50 day moving average is $38.77 and its two-hundred day moving average is $35.97. The firm has a market capitalization of $326.25 million, a P/E ratio of 39.35 and a beta of 1.30.

Institutional Trading of First Trust Innovation Leaders ETF

A number of large investors have recently added to or reduced their stakes in ILDR. CPR Investments Inc. acquired a new stake in First Trust Innovation Leaders ETF in the 3rd quarter valued at about $1,286,000. Citadel Advisors LLC increased its position in First Trust Innovation Leaders ETF by 29.3% during the second quarter. Citadel Advisors LLC now owns 57,413 shares of the company’s stock worth $2,253,000 after buying an additional 13,025 shares during the last quarter. Cetera Investment Advisers increased its position in 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 buying an additional 160,204 shares during the last quarter. HBW Advisory Services LLC increased its position in First Trust Innovation Leaders ETF by 13.3% during the first quarter. HBW Advisory Services LLC now owns 148,261 shares of the company’s stock worth $4,415,000 after buying an additional 17,357 shares during the last quarter. Finally, Legacy Wealth Managment LLC ID bought a new stake in First Trust Innovation Leaders ETF in the first quarter valued at approximately $770,000.

First Trust Innovation Leaders ETF Company Profile

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.