First Trust Innovation Leaders ETF (NYSEARCA:ILDR) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

First Trust Innovation Leaders ETF (NYSEARCA:ILDR)’s share price crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred 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.

First Trust Innovation Leaders ETF Stock Performance

The business’s 50-day moving average price is $38.22 and its 200 day moving average price is $36.04. The stock has a market capitalization of $329.13 million, a PE ratio of 39.35 and a beta of 1.33.

Institutional Investors Weigh In On First Trust Innovation Leaders ETF

Several large investors have recently added to or reduced their stakes in the business. Twin Peaks Wealth Advisors LLC increased its stake in First Trust Innovation Leaders ETF by 25.2% in the 3rd quarter. Twin Peaks Wealth Advisors LLC now owns 7,385 shares of the company’s stock worth $278,000 after acquiring an additional 1,487 shares during the last quarter. Benjamin Edwards Inc. bought a new stake in shares of First Trust Innovation Leaders ETF during the 3rd quarter valued at about $1,372,000. Private Advisor Group LLC bought a new stake in shares of First Trust Innovation Leaders ETF during the 3rd quarter valued at about $1,436,000. Proactive Wealth Strategies LLC boosted its position in shares of First Trust Innovation Leaders ETF by 1.5% during the 3rd quarter. Proactive Wealth Strategies LLC now owns 43,756 shares of the company’s stock valued at $1,728,000 after acquiring an additional 660 shares during the last quarter. Finally, Harbour Investments Inc. purchased a new position in shares of First Trust Innovation Leaders ETF during the third quarter worth about $5,544,000.

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.